Transaction expected to close in the first week of February 2026
Terex Corporation (NYSE: TEX) (“Terex”) and REV Group, Inc. (NYSE: REVG) (“REV”) today announced that they have each received the necessary stockholder approvals to complete the previously announced merger of Terex and REV at each company’s Special Meeting of Stockholders held earlier today.
Based on the results of the votes at each of the Terex and REV Special Meetings, the companies expect to close the transaction in the first week of February 2026, subject to the satisfaction or waiver of the remaining closing conditions.
Simon Meester, Chief Executive Officer of Terex, commented: “Today’s vote demonstrates our stockholders’ confidence in our strategic combination with REV, which will create a stronger, more diversified company with a complementary portfolio of specialty equipment businesses, enhanced financial flexibility and significant value-creating synergies that position us for sustainable, long-term growth.”
Mark Skonieczny, Chief Executive Officer of REV, commented: “These results solidify our belief that the transaction will unlock significant value for both Terex and REV stockholders and create exciting opportunities for our employees and customers by strengthening our ability to invest in the combined business, innovate and deliver quality solutions.”
Special Meeting Stockholder Vote Results
- Terex: More than 95% of the votes cast by Terex stockholders entitled to vote thereon were voted “FOR” the company’s stock issuance proposal.
- REV: More than 80% of the 48,806,145 outstanding shares of REV common stock (over 99% of the votes cast at the meeting) entitled to vote thereon were voted “FOR” the REV merger proposal and more than 96% of the votes cast either affirmatively or negatively thereon were voted “FOR” the REV advisory compensation proposal.
The complete results of both special meetings can be found in the respective companies’ Form 8-Ks which will be filed with the U.S. Securities and Exchange Commission.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
