WESTPORT, Conn.--(BUSINESS WIRE)--Aug. 30, 2001--Terex Corporation
(NYSE: TEX) announced today that it has received early termination of
the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act relating to its proposed merger with CMI Corporation (NYSE: CMI).
The CMI shareholder's meeting has been scheduled for September 28,
2001, and the merger is expected to be consummated in early October.
CMI is a leading manufacturer of a broad range of leading-edge
automated machines for the construction and maintenance of highways,
city streets and county roads, parking lots and bridges, with 2000
revenues in excess of $225 million. Products include asphalt and
concrete mixing plants, road profiling and reclaiming equipment,
concrete paving systems and landfill compactors and grinders.
Terex Corporation is a diversified global manufacturer based in
Westport, Connecticut, with 2000 revenues in excess of $2 billion.
Terex is involved in a broad range of construction, infrastructure,
recycling and mining-related capital equipment under the brand names
of Terex, Unit Rig, Payhauler, O&K, Fermec, Benford, Powerscreen,
Finlay, B.L. Pegson, Simplicity, Cedarapids, Grayhound, Jaques,
Canica-Jaques, Lorain, PPM, P&H, Franna, Marklift, Koehring, Bendini,
RO, Telelect, Square Shooter, American, Italmacchine, Peiner, Comedil,
Matbro, Amida, Bartell, Coleman, Muller and Morrison. More information
on Terex can be found at www.terex.com.
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Terex Corporation |
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Kevin O'Reilly, 203/222-5943 |
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