secwatch.observer — SEC 8-K summary
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Issuer:     TEREX CORP (TEX)
CIK:        0000097216
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001104659-24-107143
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Terex completes $2.0B acquisition of Dover's Environmental Solutions Group
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- Purchase price $2.0B cash; net $1.725B after ~$275M expected tax benefits.
- Deal valued at ~8.4x 2024E EBITDA including run-rate synergies; expected double-digit % adjusted EPS accretive in 2025.
- Identified ~$25M of cost and revenue synergies targeted by end of 2026; adds 140 bps to EBITDA margin.
- Funded with $750M 6.250% senior notes due 2032, new $1.25B term loan, and cash; revolver upsized to $800M.
- ESG holds #1 North American position in refuse collection vehicles and waste compaction; Terex North America revenue share rises to 67%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/97216/000110465924107143/0001104659-24-107143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/97216/000110465924107143/tm2425751d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-107143

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