Terex takeover attains 71.79% acceptance rate

Terex has thus attained its stipulated minimum acceptance level of 51%. Subject to the pending regulatory approval in Europe, Demag Cranes is therefore set to become part of the Terex Group. According to the German Securities Acquisition and Takeover Act (WpÜG), shareholders of Demag Cranes who have not accepted the offer during the acceptance period will have the opportunity to tender their shares during an additional acceptance period ending at midnight (CET) on 19 July 2011.