18.07.2007

Terex prepares

Terex has announced that a special meeting of shareholders has approved an amendment to the Company’s Certificate of Incorporation to increase the number of shares of common stock the Company is authorised to issue by 150 million shares.

The Company currently has 300 million authorised shares of common stock.

Ron DeFeo, Terex chairman said: “Today’s stockholder approval provides Terex with the flexibility we may need going forward in connection with possible future stock splits, financing transactions, acquisitions of other companies or business properties, employee benefit plans and other corporate purposes,”

Terex owns Genie aerial work platforms and telehandlers and Terex cranes which includes, Demag, Bendini, Comedil, PPM, Frana, Peiner and American.
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