Terex to buy rubber track specialist ASV

Dawson, Brad
January 2008
Rubber & Plastics News;1/28/2008, Vol. 37 Issue 13, p6
Trade Publication
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.


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