secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K/A
Filed at:   2024-12-16T23:59:59+00:00
Accession:  0000097216-24-000171
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex closes $2.0B acquisition of Dover's Environmental Solutions Group; provides pro forma financials
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- Acquired Dover's Environmental Solutions Group for $2.0B cash on Oct 8, 2024; financed via $750M 6.250% Notes due 2032, $1.25B term loan, and cash.
- Pro forma combined revenue of $3.1B for H1 2024 (vs Terex standalone $2.7B) and $5.9B for FY2023 (vs $5.2B).
- Pro forma net income H1 2024: $232.2M ($3.46 diluted EPS) vs Terex $249.2M ($3.68); FY2023: $417.4M ($6.18) vs $518.0M ($7.58).
- Preliminary purchase price allocation: $1.08B intangible assets, $828.6M goodwill, $85.2M PP&E step-up.
- ESG designs refuse collection vehicles, waste compaction equipment; brands include Heil, Marathon.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000171/0000097216-24-000171-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000009721624000171/tex-20241008.htm
  HTML page:      https://secwatch.observer/filing/0000097216-24-000171

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