Terex, ASV merger clears waiting period hurdle

By Lisa Kerner

Charlotte, N.C., Feb. 8 - The mandatory Hart-Scott-Rodino waiting period has ended in connection with Terex Corp.'s cash tender offer for A.S.V., Inc., according to a Terex news release.

The tender offer began on Jan. 13 and is scheduled to end at midnight ET on Feb. 25.

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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