Terex Material Handling & Port Solutions AG
Terex Industrial Holding AG specifies request to initiate squeeze out procedure and determines the cash compensation in the amount of EUR 60.48
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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- Language: English Company: Terex Material Handling & Port Solutions AG Forststraße 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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