ASV will be acquired by Yanmar America in an all-cash transaction after 7,998,119 shares were voted in favor of the proposal to adopt the merger. This number represented approximately 80.7 percent of the outstanding shares of ASV’s common stock entitled to vote at a special stockholder meeting.
Under the merger terms, each share of ASV stock will be converted into the right to receive $7.05 in cash, without interest. The transaction will close on September 11, 2019.
Source: ASV
