May 2011

Terex launches Tender Offer for Demag Cranes AG

Offer price of €41.75 per share represents a premium of 41 percent to pre-takeover speculation share price on October 6, 2010 ─ Benefits for Demag and Terex through complementary business profile ─ Demag shareholders can tender their shares from today until June 30, 2011 (24:00 hours local time Frankfurt am Main) ─ Offer is subject to 51 percent acceptance threshold

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