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TEX > SEC Filings for TEX > Form 8-K on 21-Nov-2008All Recent SEC Filings

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Form 8-K for TEREX CORP


21-Nov-2008

Other Events


Item 8.01. Other Events.

As previously announced, on August 8, 2008, Terex Corporation and certain of its subsidiaries (collectively, "Terex") and Fantuzzi Industries S.a.r.l. ("Fantuzzi") entered into agreements (the "Fantuzzi Agreements") that provided for the acquisition by Terex of the port equipment businesses of Fantuzzi.

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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