Over 100 Demag Cranes shareholders are suing Terex (TEX) for a payout of up to €200M following...

|About: Terex Corporation (TEX)|By:, SA News Editor

Over 100 Demag Cranes shareholders are suing Terex (TEX) for a payout of up to €200M following its $1.4B acquisition of the German company, Reuters reports. Under German law, companies that acquire 75% or more of another firm must offer compensation to remaining shareholders based on a company valuation, not the original bid price. Terex has offered €45.52/share but the investors want over €100.