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FILED BY CMI CORPORATION PURSUANT TO RULE 425 UNDER THE SECURITIES ACT OF 1933
AND DEEMED FILED PURSUANT TO RULE 14A-12 OF THE SECURITIES EXCHANGE OF 1934

SUBJECT COMPANY: CMI CORPORATION
COMMISSION FILE NO.: 001-5951

                      INFORMATION CONCERNING PARTICIPANTS

     CMI Corporation ("CMI") and certain other persons named below may be deemed
participants in the solicitation of proxies in respect of the proposed merger
(the "Merger") of Claudius Acquisition Corp. ("Merger Sub"), a wholly-owned
subsidiary of Terex Corporation ("Terex"), with and into CMI, pursuant to the
Agreement and Plan of Merger, dated as of June 27, 2001, by and among Terex, CMI
and Merger Sub.  The participants in this solicitation may include the directors
of CMI:  Bill Swisher (Chairman), Larry D. Hartzog, Thomas P. Stafford, Joseph
J. Finn-Egan, Jeffrey A. Lipkin, J. Larry Nichols, Kenneth J. Barker and Ronald
Kahn; as well as the executive officers of CMI: Bill Swisher (Chief Executive
Officer), Carl E. Hatton (Chief Operating Officer), Jim D. Holland (Chief
Financial Officer) and Thane A. Swisher (Vice President and Secretary).  As of
the date of this communication, other than Messrs. Finn-Egan and Lipkin, who
each beneficially owns approximately 32.8% of CMI's common stock, Bill Swisher,
who beneficially owns approximately 9.5% of CMI's common stock, and Thane
Swisher, who beneficially owns approximately 1.5% of CMI's common stock, none of
the foregoing participants beneficially owns individually in excess of 1% of
CMI's common stock.  Additional information about the directors and executive
officers of CMI is included in CMI's Proxy Statement for its 2001 Annual Meeting
of Shareholders filed with the SEC on April 30, 2001.  Information is also
included in a proxy statement/prospectus filed by CMI with the SEC in connection
with the proposed merger.  Investors may obtain these documents free of charge
at the SEC's website (www.sec.gov), or by contacting CMI Corporation, P. O. Box
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1985, Oklahoma City, OK 73101, Attention: Jim D. Holland, telephone: (405) 787-
6020.

     INVESTORS SHOULD READ THE PROXY STATEMENT/PROSPECTUS CAREFULLY BEFORE
MAKING ANY VOTING OR INVESTMENT DECISIONS.

     THE FOLLOWING IS A PRESS RELEASE ISSUED BY CMI ON AUGUST 3, 2001.

FOR ADDITIONAL INFORMATION, CONTACT:

Jim Rodriguez                 Woody Wallace
VP Investor Relations         The Investor Relations Company
405-491-2467                  847-296-4200

FOR IMMEDIATE RELEASE

         TRIAL COURT CERTIFIES ITS INTENT TO REDUCE AMOUNT OF JUDGMENT
                              ENTERED AGAINST CMI

Oklahoma City, Oklahoma, August 3, 2001 - CMI Corporation (NYSE:CMI) today
announced that the United States District Court for the Western District of
Oklahoma has issued an order certifying its intention, if remanded from the
Federal Circuit, to reduce the amount of the judgment entered against CMI in its
long-standing patent infringement case with Cedarapids, Inc.

As previously reported, since 1996, CMI has been involved in litigation in the
United States District Court for the Western District of Oklahoma with
Cedarapids.   During February 2001, the District Court ruled that one
configuration of CMI's Triple-Drum mixer infringed upon a patent held by
Cedarapids and enjoined CMI from selling this particular configuration of
Triple-Drum mixer.  In March 2001, the District Court awarded damages and pre-
judgment interest to Cedarapids of approximately $11.7 million.
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In April 2001, CMI gave notice of its intent to appeal the judgment to the
United States Court of Appeals for the Federal Circuit.  In addition, based upon
a recent decision by the Federal Circuit, CMI asked the District Court to reduce
the amount of the judgment awarded to Cedarapids.

On July 19, 2001, the District Court certified its intention, if remanded from
the Federal Circuit, to grant CMI's motion for reduction of damages. Based on
the number of Triple-Drum mixers sold in the time period covered by the court's
order, CMI estimates that the judgment would be reduced from approximately $11.7
million to approximately $2.5 million.

Bill Swisher, CMI's Chief Executive Officer, stated "Although we continue to
dispute the District Court's finding that our Triple-Drum mixer infringes upon
Cedarapids' patent, we are very pleased that the District Court has agreed that
the amount of the judgment should be significantly reduced. The District Court's
ruling will not be effective unless and until the Federal Circuit remands the
case back to the District Court, which cannot be assured."

Mr. Swisher also stated, "This decision does not have any effect on our merger
agreement with Terex Corporation (NYSE:TEX), the parent company of Cedarapids.
The merger, which is subject to customary closing conditions including CMI
shareholder and regulatory approval, is expected to close late in the third
quarter or early in the fourth quarter of 2001. The merger with Terex would
terminate all proceedings in the lawsuit and the judgment would be eliminated
for accounting purposes."

CMI Corporation is an innovator, designer and manufacturer of equipment for
heavy-duty construction and infrastructure applications.  With headquarters in
Oklahoma City, the Company's leading-edge equipment is used to build, maintain
and reconstruct roads, highways, bridges and airport runways. The Company's
product offerings include: asphalt and concrete pavement production plants,
asphalt and concrete paving machines and support equipment, concrete bridge deck
finishers, highway grading machines, base preparation machines, pavement milling
machines, and trailers for transporting paving materials and heavy construction
machinery. The Company also supplies landfill compactors and heavy duty grinding
equipment to waste markets, worldwide.

This news release contains forward-looking statements concerning the future
performance of CMI Corporation, which are subject to a number of factors
including, but not limited to highway funding, adverse weather conditions,
general economic conditions and political changes both domestically and
overseas. Additional information regarding these and other risks and
uncertainties that could materially affect the future performance of the Company
and the accuracy of the forward-looking statements contained herein are set
forth in the Company's Annual Report on Form 10-K for the year ended December
31, 2000 and in the Company's subsequent SEC filings.

                             *   *   *   *   *   *

     Terex has filed a registration statement with the SEC on Form S-4 in
connection with the Merger and CMI has filed a proxy statement/prospectus with
the SEC.  Terex and CMI expect to mail the proxy statement/prospectus to CMI's
shareholders.  Investors and security holders are urged to read the registration
statement and the proxy statement/prospectus carefully.

     The registration statement and the proxy statement/prospectus contain
important information about Terex, CMI, the Merger, and related matters.
Investors and security holders may obtain free copies of these documents through
the website maintained by the SEC at http://www.sec.gov.  In addition to the
                                     -------------------
registration statement and the proxy statement/prospectus, Terex and CMI file
annual, quarterly and special reports, proxy statements and other information
with the SEC.  You may read and copy any reports, statements and other
information filed by Terex or CMI at the SEC public reference room at 450 Fifth
Street, N.W., Washington, D.C.  20549 or at the SEC's other public reference
rooms in New York, New York and Chicago, Illinois.  Please call the SEC at 800-
SEC-0330 for
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further information on public reference rooms. Terex's and CMI's filings with
the SEC are also available to the public from commercial document-retrieval
services and the website maintained by the SEC at http://www.sec.gov.
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