The two people said the board's view that the offer is too low is backed by a fairness opinion provided by investment banks on behalf of the Duesseldorf-based company. One person noted that the offer doesn't reflect the real value of the company and added that Demag Cranes could revise its full-year outlook as business has picked up in recent weeks. It remains uncertain, however, if Terex would consider raising the EUR41.75 a share offer after Chief Executive Ronald DeFeo was quoted in a recent media interview as saying that he would "rather not have Demag (if it means) having to pay too much." Demag's mimmering. In the farmland and dusty tree-lined fields around the hamlet of Dafinyah, rebels and Qaddafi forces engage in daily firefights, using heavy machine guns and mortars. In a daylong gunbattle on Thursday, bullets zipped overhead as rebels fired AK-47s and rocket-propelled grenades behind sandy embankments at government troops attacking through the olive groves. Three rebels were killed and 20 wounded in the fighting. The rebels in Dafinyah have dug in and are using a winning tactic from their battles for the city center, blocking the main road west with shipping containers and sand berms, and coordinating their defense behind them. They've also dug 12-foot trenches through main roads and access points to fend off tanks, and set up strings of small outposts along the front lines, using two-way radios to communicate. Wary of overextending, the rebels have held tight at the current line for two weeks. But the goal ahead, commanders say, is Zliten, 30 miles west of Misrata. Badi and other senior opposition military leaders say they're hesitant to push hard for the city. Instead, they want to allow the opposition in Zliten to rise up and secure the city themselves before advancing. "Revolutionary forces in Zliten are determined and prepared to cleanse Zliten of Qaddafi forces," said Misrata military spokesman Ibrahim Beatelmal. He estimated there are more than 2,000 government troops in Zliten, but declined to comment on the number of opposition fighters. He said he expects "good news from Zliten" in the next few days, but did not elaborate, and it was not immediately possible to verify whether fighting was taking place inside the city. The main problem for the rebels on all three of Misrata's fronts, according to fighters and commanders, is a familiar one: a lack of ammunition and arms, especially heavier weapons. For weeks rebels have had to make do with the guns they've captured from Qaddafi's forces, homemade weapons they've outfitted themselves and the trickle of ammunition and arms that have come in on fishing boats from Benghazi, the de facto rebel capital in the east. In street fighting, the rebels could improvise with hit-and-run tactics using machine guns and gasoline bombs. Not so in the countryside. Now, long-range weapons like Grad rockets and mortars are in demand. "There are shortages of heavy weapons," said Mustafa al-Wakshi, a 24-year-old fighter in Dafniyah. "We even have some issues with ammunition for AK-47s." Khalil al-Shibli, a former colonel in the Libyan army now leading a reconnaissance unit on Misrata