SHAREHOLDER ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Terex Corporation and Encourages Investors to Contact the Firm for Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Terex Corporation (“Terex” or the “Company”) (NYSE:TEX) relating to the proposed buyout of the Company by Konecranes Plc.

Under the terms of the transaction, Terex shareholders are anticipated to receive 0.80 shares of Konecranes for each Terex share owned. This represents a consideration of $24.75 based on the August 7, 2015 closing price of Konecranes.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. The transaction may undervalue Terex and may result in a substantial loss for many shareholders. For example, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Terex stock at $35.00 per share.

If you currently own common stock of Terex and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Contacts

Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
hoffman@browerpiven.com

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