Terex authorizes increase in share repurchase program

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.