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[TEX] Terex Corp.

Symbol: TEX
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11/22/2008 07:28pm
Terex Corp. Comments on Fantuzzi acquisition - filing

- Terex has informed Fantuzzi that it believes that a material adverse change may exist with respect to the Fantuzzi business or other grounds exist which may preclude completion of this acquisition. Terex has requested that Fantuzzi provide Terex with additional information in order to determine whether a material adverse change has in fact occurred and whether all conditions precedent to the obligations of Terex to complete the acquisition of the Fantuzzi business have been satisfied. Terex has had an initial discussion with Fantuzzi and the final outcome of this matter can not be determined at this time.


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