Industrial machinery maker Terex (TEX +7%)  surges after stating it will acquire a controlling...

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

Industrial machinery maker Terex (TEX +7%)  surges after stating it will acquire a controlling interest in Ritz do Brazil, a manufacturer of equipment for constructing and maintaining power lines. In June, Terex struck a deal to acquire German crane manufacturer Demag Cranes.