Terex Announces Two-for-One Stock Split

June 5, 2006 — Terex Corp., Westport, Conn., recently announced that its board of directors authorized a two-for-one split of the company's common stock. Record holders of Terex's common stock at the close of business on June 15, 2006, will receive one additional share of common stock for every share of Terex common stock they own as of that date.

 

The company anticipates that the additional shares resulting from the split will be issued on or about July 14, 2006. The two-for-one split will increase the number of Terex's outstanding shares of common stock from approximately 50.2 million to approximately 100.4 million.

"We are pleased to take this action as a result of our solid operating results and our strong outlook for 2006 and beyond,” said Ronald M. DeFeo, Terex's chairman and chief executive officer. “We hope that the additional shares will improve the trading volume and liquidity of Terex common stock."