Activist hedge funder Mick McGuire has made a huge winning bet on Terex

CNBC · 9/27/2017

Mick McGuire looks at Terex and sees a diversified manufacturer with a lot of upside if it can just get leaner.

The activist head of Marcato Capital took an interest in the company a year ago and has been pushing it to streamline, focusing on strong segments and shaking loose some of the less-profitable ends. Over the past year or so, McGuire’s firm has been working with Terex CEO John Garrison Jr. to make that happen.

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