Today the Board of Directors and the Supervisory Board of Demag Cranes, a German company that produces cranes for industrial and port, the company urged shareholders to accept the new offer advanced takeover last week by the American Terex Corporation, a group that produces machines and equipment mainly intended for the construction and handling of goods.
Terex has indeed raised the offer price, which rose from an initial 41.75 per share at 45.50 euros per share, a figure that represents a valuation of the German equivalent to 963.4 million euros. The Board of Demag Cranes believe that the bid has been substantially improved not only from an economic, but also in terms of commitments to employees of the German and guarantees the maintenance of the operational and strategic Demag Cranes .
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