Faruqi & Faruqi, LLP Announces the Investigation of Terex Corporation (TEX) Over the Proposed Sale of the Company to Konecranes Plc
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Terex Corporation (“Terex” or the “Company”) (NYSE:TEX) for potential breaches of fiduciary duties in connection with the sale of the Company to Konecranes Plc for approximately $4.2 billion in an all-stock transaction.
The Company’s stockholders will only 0.80 shares of Konecranes for each Terex share owned, or approximately $28.80 per share based on the August 14, 2015 opening price of Konecranes. However, the offer represents and inadequate premium since it is even below the Wall Street median price target of $29.00 per share. Additionally, the Company's shares traded for $29.32 as recently as May 21, 2015.
If you own common stock in Terex and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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