TITLE

Terex to buy rubber track specialist ASV

AUTHOR(S)
Dawson, Brad
PUB. DATE
January 2008
SOURCE
Rubber & Plastics News;1/28/2008, Vol. 37 Issue 13, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Industrial equipment maker Terex Corp. is planning to purchase rubber track components manufacturer ASV Inc. for about $488 million. The companies announced the agreement on January 14. Terex will acquire ASV via a tender agreement valued at $18 per fully diluted share of ASV common stock and a merger of operations. Richard A. Benson, ASV chairman, informed that Caterpillar Inc., an owner of 23.5% of the company's shares, has indicated its support for the merger.
ACCESSION #
28791225

 

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