Terex Industrial Holding AG specifies request to initiate squeeze out procedure and determines the cash compensation in the amount of EUR 60.48
Düsseldorf, 30. September 2013
Confirming and specifying the transfer request dated July 24, 2013, Terex Industrial Holding AG, Düsseldorf, (hereinafter “TIHAG”) today submitted to us a formal request for a resolution to be passed at a general meeting of the company’s shareholders to transfer shares held by the remaining shareholders (minority shareholders) to Terex Industrial Holding AG as majority shareholder in return for an adequate cash compensation according to sec. 327a et seq. German Stock Corporation Act (Aktiengesetz-AktG) (so-called squeeze out). The relevant resolution is to be passed at a separate extraordinary general meeting of Terex Material Handling & Port Solutions AG which is expected to take place before the end of 2013. TIHAG has determined the amount of the cash compensation amounting to EUR 60.48 for each no-par value bearer share of Terex Material Handling & Port Solutions AG each representing a pro rata amount of the registered share capital of EUR 1.00.
Düsseldorf, September 30, 2013
About Terex Material Handling & Port Solutions
Through its Material Handling & Port Solutions business segment, Terex Corporation is one of the world’s leading suppliers of industrial cranes, crane components and services under the Demag brand, as well as port technology with a broad range of manual, semi-automated and automated solutions under the Terex® and Terex® Gottwald brands. Terex Material Handling & Port Solutions manufactures in 16 countries on five continents and operates a sales and service network in more than 60 countries
Terex Corporation is a diversified, globally active manufacturer of machinery and equipment. A core activity of Terex Corporation is the provision of reliable, customer-driven solutions for many applications, including the construction, infrastructure, shipping, transportation, quarrying, mining, refining, energy, utility and manufacturing industries. Terex reports in five business segments: Aerial Work Platforms, Construction, Cranes, Material Handling & Port Solutions and Materials Processing. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. More information can be found at www.terex.com.
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