Terex delays restating 2004 financial information

Terex says it will file financial statements for 2004 by Sept. 15, a month later than it previously announced. The company announced Aug. 15 it has obtained a waiver from its senior bank lending group to delay providing its lenders financial information for 2004 and the first two quarters of 2005. Terex said in a press release it is in the final stages of internal and external review of its statements for 2004 and prior periods. The company’s management reiterated it does not expect identified errors to be material to total shareholders’ equity.