What Happened?
Shares of lifting and material handling equipment company Terex (NYSE: TEX) jumped 4.6% in the afternoon session after the company announced the successful completion of its merger with REV Group.
The move created a premier specialty equipment manufacturer with a more diversified portfolio. In connection with the merger's completion, REV Group's stock ceased trading and is no longer listed on the New York Stock Exchange. The combined company will trade as Terex. Management noted that combining the complementary businesses was expected to unlock significant value, projecting $75 million of run-rate synergies by 2028. Approximately 50% of these financial benefits were targeted to be achieved over the next twelve months.
After the initial pop the shares cooled down to $59.34, up 4.1% from previous close.
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What Is The Market Telling Us
Terex’s shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 10 days ago when the stock dropped 3.6% on the news that the Dow Jones Industrial Average fell as much as 0.7%, reflecting lingering uncertainty, and capping off a volatile week which saw stocks enjoy some relief as President Donald Trump reduced tensions with European allies by backing off his threat of imposing new tariffs. Threats of tariffs initially created uncertainty for businesses, as they can lead to higher costs for multinational corporations and disrupt global supply chains. By withdrawing the threat, the administration removed a significant headwind for the market, prompting a relief rally. This development was a key factor in helping major indexes recover from earlier losses, even as some analysts noted that underlying geopolitical risks and market volatility remain concerns for investors.
Terex is up 7.8% since the beginning of the year, and at $59.34 per share, it is trading close to its 52-week high of $61.58 from January 2026. Investors who bought $1,000 worth of Terex’s shares 5 years ago would now be looking at an investment worth $1,628.
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