Wednesday, December 25, 2024
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Demag Cranes rejects Terex offer

Following an extensive review and consideration of all relevant circumstances, both Management Board and Supervisory Board recommend that the shareholders of Demag Cranes AG should not accept the offer. They do not consider the offer price of EUR 41.75 per share to be appropriate, Demag Cranes plans sustained and profitable growth in the years ahead and Terex has not yet offered any dialogue on the tender offer.

More information to follow…

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