Terex Material Handling & Port Solutions AG: Registration of the squeeze out resolution in the commercial register
Düsseldorf, 21. January 2014
Today, the Terex Material Handling & Port Solutions AG squeeze out resolution was registered in the commercial register of the local court of Düsseldorf. This resolution has been previously passed at the extraordinary general meeting of Terex Material Handling & Port Solutions AG on 21 November 2013 on the transfer of the shares of the minority shareholders of Terex Material Handling & Port Solutions AG to the main shareholder Terex Industrial Holding AG, Düsseldorf, against adequate cash compensation of EUR 60.48 for each no-par value bearer share.
With the registration of the transfer resolution in the commercial register the minority shareholders have ceased to be shareholders of Terex Material Handling & Port Solutions AG and by operation of law their shares have been transferred to Terex Industrial Holding AG.
The stock exchange listing is expected to be terminated shortly. Any stock exchange trading until such termination merely constitutes trading in the claim for cash compensation of the minority shareholders.
Details concerning the payment of the fixed cash compensation of EUR 60.48 for each no-par value bearer share will be published separately by Terex Industrial Holding 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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