Terex’s offer of €41.75 per share is a 41 percent premium above Demag’s share price immediately prior to the making of the offer, bringing the total bid to approximately €884 million or $1.3 billion. If successful, the combined entities would yield a projected revenue of $5.8 billion and more than 22,000 employees worldwide.
The Bryan Cave Terex finance team is led by Partner Jeffrey S. Chavkin along with Partner J. Christopher Eagan and Counsel Gretchen von Dwingelo. The regulatory and antitrust aspects of the transaction are being handled by Partners Rebecca Nelson and Anita Esslinger and Counsel Danielle Mangogna. They will work in conjunction with corporate partners at Freshfields Bruckhaus Deringer. The firm is long-standing counsel to Terex, having recently advised it on its $1.3 billion sale of its mining equipment business to Bucyrus International. Demag Cranes AG (XTRA: D9C) is a leading German solutions provider for cranes and port technology.