July 27th “As we mentioned previously, we view the Tatra commercial and military truck business as a non-core operation and have been reviewing our alternatives with respect to this business. At this time, we have reached an agreement to sell Tatra to a group of private equity investors, including both American and Czech investors who are familiar with Tatra’s operations and have long term plans to build that business. Consummation of that transaction is subject to customary closing conditions, and the Company currently anticipates that this transaction will close in the third quarter of 2006. More information will be provided when this transaction is completed.” Full report: http://ir.terex.com/phoenix.zhtml?c=78780&p=irol-newsArticle&ID=888123&highlight=
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