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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) December 15, 1997
TEREX CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-10702 34-1531521
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
500 Post Road East, Suite 320, Westport, Connecticut 06880
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (203) 222-7170
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On December 15, 1997, Terex Corporation ("Terex" or the "Company"), through its
newly formed subsidiary, Terex Mining Equipment, Inc., announced an agreement to
acquire the shares of O&K Mining GmbH, a wholly-owned subsidiary of O&K AG, for
a total consideration of DM 320 million (approximately $180 million), consisting
of DM 160 million (approximately $90 million) for the shares of O&K Mining GmbH
and DM 160 million (approximately $90 million) in debt retirement, which
includes a note payable to O&K AG, the Seller, in the amount of DM 40 million
(approximately $22.5 million). O&K Mining GmbH, headquartered in Dortmund,
Germany, is a manufacturer of hydraulic mining shovels.
The consummation of the acquisition is expected to take place in March 1998 and
is subject principally to (i) expiration or termination of the applicable
waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976,
as amended, and (ii) the approval of the transaction by the shareholders of O&K
AG.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: December 29, 1997
TEREX CORPORATION
By: /s/ Joseph F. Apuzzo
Joseph F. Apuzzo
Vice President Finance and Controller
(Principal Accounting Officer)
