TEREX CORP (TEX): M&A transaction — Terex completes REV Group acquisition; targets $75M synergies by 2028

TEREX CORP

REV shareholders received 0.9809 Terex shares plus $8.71 cash per share.
Combined company expects $75M run-rate synergies by 2028, ~50% within 12 months.
Board expanded to 12; five former REV directors appointed, including Chair of Audit.
REV stock ceased trading; combined company trades as TEX on NYSE.
CEO Meester calls merger a 'defining moment' with stronger, more resilient portfolio.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

TEREX CORP completed an acquisition involving REV Group, Inc. for $8.71 in cash and 0.9809 shares of Terex Common Stock per share (closed 2026-02-02).

Action: acquisition
Counterparty: REV Group, Inc.
Consideration: $8.71 in cash and 0.9809 shares of Terex Common Stock per share
Closing: 2026-02-02

Exact text from the filing

and outstanding share of common stock, $0.001 par value per share, of REV (“ REV Common Stock ”) (other than certain excluded shares) was converted into the right to receive (i) 0.9809 shares of common stock, par value $0.01 per share, of Terex (“ Terex Common Stock ”), and (ii) $8.71 in cash (without interest) (clauses (i) and (ii) together, the “ Merger

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Source: SEC EDGAR

accession 0001140361-26-003269

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