Terex authorizes increase in share repurchase program

Nov 24, 2008

Terex Corporation’s board of directors has authorized an in increase in its share repurchase program; the company may now purchase an additional $500 million of their outstanding common shares. This will bring the total amount that may be repurchased to $1.2 billion. The program is set to expire on June 30, 2009. As of June 30, 2008, Terex has purchased approximately $362 million of shares under this program.

In 1920, the Russell Grader Co. introduced the first self-propelled motor grader. The company's first 'Motor Patrol' built on a Caterpillar track-type tractor came out in 1926 (left), and two years later Caterpillar bought Russell and began producing the industry's first motor grader built as one dedicated machine. Nearly 100 years later, the Cat 140 (right) was the top-selling motor grader in the U.S. in 2024 for new financed equipment, according to EDA.

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