Blount International Inc. ("Blount") is an American company that sells chainsaws, chainsaw components and other agricultural and landscaping equipment.

According to the Complaint, on December 10, 2015, Blount announced that it had entered into an Agreement and Plan of Merger, dated December 9, 2015, under which P2 and American Securities, through affiliates Merger Parent and Merger Sub, will acquire all of the outstanding shares of Blount common stock for $10 per share, or a total of approximately $855 million (the “Buyout”). On March 9, 2016, Blount filed the Proxy Statement with the SEC, which announced that the stockholder vote on the Buyout will occur on April 7, 2016.

The Complaint alleges the Proxy Statement misrepresents and omits material information concerning the Buyout, information which Blount stockholders are legally entitled to receive in order to cast a sufficiently informed vote on the Buyout.

On July 1, 2016, the Court appointed Lead Plaintiff and Counsel. Lead Plaintiffs filed an amended complaint on August 1. On November 3, 2016, Lead Plaintiffs voluntarily dismissed some of the Defendants.

On April 9, 2019, the parties entered into a Stipulation of Settlement. The parties updated the Stipulation of Settlement on April 23. On April 29, the Court issued an Order preliminarily approving the Settlement. On July 26, Lead Plaintiffs filed a Motion for final approval of the Settlement. On December 31, the Court granted final approval of the Settlement and entered Final Judgment. The Court approved the Class Distribution Order on April 8, 2021.