EANS-Adhoc: Demag Cranes AG: Management Board and Supervisory Board recommend not to accept Terex offer
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
31.05.2011
Duesseldorf, 31 May 2011. The Management Board and Supervisory Board of Demag Cranes AG today both unanimously and without any abstention from voting agreed their joint reasoned opinion in accordance with Section 27 of the German Securities Acquisition and Takeover Act (WpÜG) regarding the voluntary public tender offer published by Terex Industrial Holding AG on 19 May 2011. Following an extensive review and consideration of all relevant circumstances, both Management Board and Supervisory Board recommend that the shareholders of Demag Cranes AG should not accept the offer.
The reasoned opinion will be published in full during the day and can be viewed on the company´s website in German at http://www.demagcrane s-ag.de/de/Investor_Relations/Uebernahme-angebot/index.jsp as well as in English translation at http://www.demagcranes-ag.de/en/Investor_Re lations/Tender_Offer/index.jsp. The German version is authoritative.
end of announcement euro adhoc --------------------------------------------------------------------------------
issuer: Demag Cranes AG
Forststrasse 16
D-40597 Düsseldorf
phone: +49(0211) 7102 1218
FAX: +49(0211) 7102 1215
mail: ir@demagcranes-ag.com
WWW: http://www.demagcranes-ag.com
sector: Machine Manufacturing
ISIN: DE000DCAG010
indexes: MDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, München
language: EnglishContact:
Susanne Tengler
Telefon: +49(0)211 7102-1218
E-Mail: Susanne.Tengler@demagcranes-ag.com
Branche: Machine Manufacturing
ISIN: DE000DCAG010
WKN: DCAG01
Index: MDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade