Hedge fund Marcato Capital Management LP has taken a 5.1% active stake in crane manufacturer Terex Corp. and plans to push for change, according to a regulatory filing.

The 5.5 million shares--the bulk of it in call options at a $14 strike price that expires on Dec. 21, 2017--were bought from June 10 through June 27, according to the filing. The filing doesn't offer specifics on what type of change Marcato plans to push for.

Connecticut-based Terex had been in merger talks with Konecranes Oyj of Finland and Zoomlion Heavy Industry Science & Technology Co., o ne of China's largest construction-equipment makers .

Ultimately, the deals didn't go through. Instead, Terex, with $6.54 billion in annual sales, is pursuing a piecemeal approach, agreeing to sell its maritime port and factory crane MHPS business to Finland's Konecranes Oyj for $1.3 billion and its German compact construction business to Yanmar Holdings Co. for $60 million.

San Francisco-based Marcato, founded in 2010 with starter capital from buyout firm Blackstone Group LP, is run by Mick McGuire, a proté gé of activist investor William Ackman.

On Monday, Marcato disclosed a 5.1% stake in restaurant chain Buffalo Wild Wings Inc.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

July 28, 2016 15:55 ET (19:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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