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Terex, ASV merger closer to completion
By Lisa Kerner
Charlotte, N.C., Feb. 20 - Terex Corp. said all necessary regulatory approvals and third-party consents have been received in its cash tender offer for ASV Inc., according to a news release Wednesday.
Terex's $18-per-share tender offer for ASV common stock is set to end at midnight ET on Feb. 25.
The offer began on Jan. 13.
It was previously reported that Terex would acquire ASV for $18 per share in a deal valued at $488 million.
Terex is a diversified manufacturer located in Westport, Conn.
ASV, based in Grand Rapids, Minn., manufactures compact rubber track loaders and related accessories, undercarriages and traction products.
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