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Terex may divest of some construction equipment lines

Posted By Tom Jackson On September 16, 2009 @ 5:06 pm In Construction News | No Comments

By early 2010 Terex chairman and CEO Ron DeFeo says he will have decided which of the company’s equipment lines he will keep and which will be sold [1]. Key quote from an investors conference:

“We’ve never really demonstrated the ability to be meaningfully profitable in this business,” DeFeo said during a JPMorgan investor conference in New York broadcast over the Internet. “I’m going to look at it by product type and make some decisions by early 2010.”


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[1] which of the company’s equipment lines he will keep and which will be sold: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200909161613dowjonesdjonline000638&title=terex-ceodecisions-on-construction-sale-likely-by-early-2010

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