Demag Cranes (DMGCF.PK) rejects (.pdf) Terex's (TEX) $1.3B offer as too cheap and because Terex...

|About: Terex Matl Handling & Por... (DMGCF)|By:, SA News Editor

Demag Cranes (DMGCF.PK) rejects (.pdf) Terex's (TEX) $1.3B offer as too cheap and because Terex has failed to say what its plans for Demag Cranes are. Demag's shares are €45.75 ($65.84), well above the offer price of €41.75, although Terex has no plans to increase its bid. (previous)