Terex in Hostile $1.3-Billion Bid for Germany's Demag

U.S. construction machinery maker Terex Corp made a hostile $1.31-billion bid for Demag Cranes on Monday, and the German company's shares rose above the offer price on expectations of a bidding war.

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U.S. construction machinery maker Terex Corp made a hostile $1.31 billion bid for Demag Cranes on Monday, and the German company's shares rose above the offer price on expectations of a bidding war.

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