ASV stockholders approve Yanmar merger agreement

Each share of ASV common stock was converted into the right to receive $7.05 in cash, without interest.

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September 30, 2019

GRAND RAPIDS, Minn. – ASV Holdings announced in September that its stockholders voted to adopt the merger agreement pursuant to which ASV will be acquired by Yanmar America Corporation in an all-cash transaction, which was first announced on June 27, 2019.

7,998,119 shares were voted in favor of the proposal to adopt the merger agreement, representing approximately 80.7% of the outstanding shares of ASV’s common stock entitled to vote at the special meeting and approximately 99.9% of the shares voted at the special meeting. ASV will file the final voting results with the Securities and Exchange Commission on a Current Report on Form 8-K.

Under the terms of the merger agreement, each share of ASV common stock will be converted into the right to receive $7.05 in cash, without interest. The transaction closed on September 11, 2019, subject to customary closing conditions and upon the closing of the transaction, ASV common stock was de-listed from the Nasdaq Capital Market.