Terex Material Handling & Port Solutions AG / Key word(s): Squeeze Out
30.09.2013 18:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Terex Industrial Holding AG specifies request to initiate squeeze out
procedure and determines the cash compensation in the amount of EUR 60.48
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
Terex Material Handling & Port Solutions AG
The Management Board
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(R) and Terex(R) 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.
About Terex
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.
Contact for media enquiries
Britta Heyn
Corporate Communication Manager
Phone: +49 (0) 211 7102-1020
Email: britta.heyn@terex.com
Contact for investors and analysts
Thomas Gelston
Vice President, Investor Relations
Phone: +1 203 222 5943
Email: thomas.gelston@terex.com
30.09.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Terex Material Handling & Port Solutions AG
ForststraÃe 16
40597 Düsseldorf
Germany
Phone: +49 (0)211 7102 -1202
Fax: +49 (0)211 7102 -51202
E-mail: elizabeth.gaal@terex.com
Internet: www.demagcranes.com
ISIN: DE000DCAG010
WKN: DCAG01
Listed: Freiverkehr in Düsseldorf, Hamburg, Hannover, München,
Stuttgart; Frankfurt in Open Market (Entry Standard)
End of Announcement DGAP News-Service
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DGAP-Adhoc: Terex Industrial Holding AG specifies request to initiate squeeze out procedure and determines the cash compensation in the amount of EUR 60.48
| Source: EQS Group AG