Terex, REV Group supplement proxy amid merger litigation

The latest announcement is out from Terex ( (TEX) ).

On October 29, 2025, Terex Corporation entered into a merger agreement with REV Group that envisions an all-stock combination following the divestiture of Terex’s Aerials business, with Terex shareholders to own 61.5% and REV shareholders 38.5% of the combined company and Terex CEO John L. Garrison Jr.’s successor Simon Meester slated to lead the enlarged group. Since Terex filed its definitive joint proxy statement/prospectus on December 23, 2025 for a January 28, 2026 virtual special meeting to approve, among other matters, the Terex stock issuance for the transaction, several shareholder lawsuits and demand letters have challenged the adequacy of the deal disclosures and sought to delay or block the mergers, prompting Terex and REV, while denying any wrongdoing, to voluntarily supplement their proxy materials with additional detail on deal negotiations, valuation work by Barclays and J.P. Morgan, expected synergies and standalone financial projections, without changing the agreed consideration or meeting timetable, in an effort to reduce litigation risk and keep the transaction on track for completion.

The most recent analyst rating on (TEX) stock is a Buy with a $67.00 price target. To see the full list of analyst forecasts on Terex stock, see the TEX Stock Forecast page.

Spark’s Take on TEX Stock

According to Spark, TipRanks’ AI Analyst, TEX is a Outperform.

Terex’s overall stock score reflects a solid financial performance with strong cash flow and improved leverage, though challenged by declining margins. The transformative merger with REV Group is a significant positive, expected to drive growth and operational efficiency. However, technical indicators suggest caution with potential overbought conditions, and valuation metrics indicate moderate attractiveness.

To see Spark’s full report on TEX stock, click here.

More about Terex

Terex Corporation is a Delaware-based manufacturer operating in the industrial and heavy equipment sector, with businesses that include its Aerials segment and other lifting and materials-processing operations. The company structures its portfolio through divestitures and acquisitions, such as the recent sale of its Tower and Rough Terrain Cranes businesses and the earlier acquisition of Dover’s Environmental Solutions Group, to focus on higher-return niches and position itself competitively in specialized equipment markets.

Average Trading Volume: 1,289,750

Technical Sentiment Signal: Buy

Current Market Cap: $3.96B

See more data about TEX stock on TipRanks’ Stock Analysis page.