cybertrader

[gedden]

Terex Corp. surged $3.81, or 7.2 percent, to $56.74. The third-largest maker of construction cranes agreed to buy ASV Inc. for about $488 million in cash to add compact rubber-track loaders to its line of building machines. ASV jumped $5.50 to $17.79. Separately, Barron's reported that Terex may draw a bid of as much as $100 a share in a takeover, citing the head of Defiance Asset Management, which owns the stock.