Independent journal on economy and transport policy
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Terex Corporation will introduce an offer in order to acquire the entire capital stock of the Demag Cranes
The proposal places the value of the German company to about 883,9 million euros
May 3, 2011
The American Terex Corporation, through own branch German Terex Holding Industrial AG, will introduce a public offer in order to acquire the entire capital stock of the Demag Cranes AG, company of Dusseldorf specialized in the production and maintenance of crane for industrial and harbour use. The offer, that it will have to be accepted from the shareholders of the German company for a not inferior quota to 51% of the entire capital stock, will be of 41,75 euros for each action of Demag Cranes, figure that places the value of the German company to about 883,9 million euros.
"Demag - it has declared the president and managing director of Terex Corporation, Ronald DeFeo - is leader in the industrial cranes and in the harbour technology and our societies they are absolutely complementary. Joining our activities we will add a new category of producing of crane and means of raising and would create a player world leader in the harbour equipments. The produced ones of Demag are competitive and innovative. The company is managed professionally with staff highly motivated and Terex will be entrusted to this is for the prosecuzione of the success of the Demag that for the future of the Terex in its complex". DeFeo has emphasized that the transaction "is based on the increase and not on the cost reduction".
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The American Terex Corporation, through own branch German Terex Holding Industrial AG, will introduce a public offer in order to acquire the entire capital stock of the Demag Cranes AG, company of Dusseldorf specialized in the production and maintenance of crane for industrial and harbour use. The offer, that it will have to be accepted from the shareholders of the German company for a not inferior quota to 51% of the entire capital stock, will be of 41,75 euros for each action of Demag Cranes, figure that places the value of the German company to about 883,9 million euros.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
