Terex Material Handling & Port Solutions AG Shareholders Approve Squeeze Out Cash Compensation
Düsseldorf, 25. November 2013
On November 21, 2013, the shareholders of Terex Material Handling & Port Solutions AG passed a resolution 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 cash compensation of EUR 60.48 for each no-par value bearer share of Terex Material Handling & Port Solutions AG.
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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