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UNITED STATES
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) July 19, 1999
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
NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On July 20, 1999, Terex Corporation ("Terex") announced that it has
signed a definitive agreement to acquire Cedarapids, Inc. ("Cedarapids") for
$170 million in cash. Terex entered into a Stock Purchase Agreement dated as of
July 19, 1999 (the "Purchase Agreement") with Raytheon Engineers & Constructors
International, Inc., a Delaware corporation and a subsidiary of Raytheon
Company, to purchase all of the outstanding capital stock of Cedarapids, an Iowa
corporation. Cedarapids has one wholly-owned subsidiary, Standard Havens, Inc.,
a Delaware corporation, which in turn has two wholly-owned subsidiaries,
Standard Havens Products, Inc., a Delaware corporation, and S H Properties,
Inc., a Missouri corporation. The transaction is subject to normal regulatory
approvals and closing conditions and is expected to close in the third quarter
of 1999.
Cedarapids is a manufacturer of mobile crushing and screening
equipment, asphalt pavers and asphalt material mixing plants. Cedarapids
operates in three product segments: mobile crushing and screening (60%), pavers
(25%) and asphalt plants (15%). Cedarapids manufactures crushing, screening and
paving equipment in a 710,000 square foot facility in Cedarapids, Iowa, and
asphalt plants in a 140,000 square foot facility in Glasgow, Missouri.
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: July 21, 1999
TEREX CORPORATION
By: /s/ Eric I Cohen
Eric I Cohen
Senior Vice President
