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Oct. 23, 2012, 10:09 AMOver 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. | Comment!
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May. 2, 2011, 7:32 AMCrane maker Terex (TEX) bids €884M ($1.31B) for Germany's Demag Cranes (DMGCF.PK) after the latter turns its back on talks. Analysts say they expect Terex will have to raise its offer to clinch the deal, with one saying that it may also face a counterbid from Finland's Konecranes (KNCRF.PK). (PR) | Comment!
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