WESTPORT, Conn. (AP) -- Heavy equipment maker Terex Corp. said on Tuesday that the U.S. Department of Justice has concluded a criminal antitrust investigation of the company, without any charges being filed or fines assessed.
Terex said the Justice Department notified the company of the outcome of its probe. The investigation of the company, Terex said, involved practices in the U.S. rock crushing and screening equipment industry.
Ronald DeFeo, Terex's chairman and CEO, said his company is "pleased the matter has been brought to a conclusion without further action and is now behind us."
Terex, based in Westport, manufactures heavy equipment for use in industries such as construction, mining, shipping, transportation and energy.
Shares of Terex fell 7 cents to $17.78 in afternoon trading.