TEREX SHAREHOLDER NOTICE: 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

Aug 17, 2015, 14:49 ET from Faruqi & Faruqi, LLP

NEW YORK, Aug. 17, 2015 /PRNewswire/ -- 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 receive 0.80 shares of Konecranes for each Terex share owned, or approximately $25.63 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.

Click here for more information: www.faruqilaw.com/TEX.  There is no cost or obligation to you.

The investigation focuses on whether Terex's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Terex's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation.  The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation.  The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Terex and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/TEX or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. jmonteverde@faruqilaw.com Toll Free: (877) 247-4292 Phone: (212) 983-9330

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