Demag Cranes investors give Terex the cold shoulder

Newswire

* Terex had 11.5 pct of Demag shares by Wednesday evening * Offer for Demag Cranes ends at midnight on Thursday * Terex targeting more than 50 pct of Demag Cranes * Market also awaits result of Volkswagen offer for MAN FRANKFURT, June 30 (Reuters) - Most shareholders of Demag Cranes have so far ignored a takeover offer by Terex , leaving the U.S. construction machinery maker only a few more hours to gain control of the German crane company. A filing published by Terex on Thursday ...

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