According to the Complaint, ASV Holdings, Inc. ("ASV") is a designer and manufacturer of compact construction equipment.

This action stems from a proposed transaction announced on June 27, 2019, pursuant to which ASV will be acquired by Yanmar America Corporation ("Yanmar").

On June 26, 2019, ASV’s Board of Directors caused the Company to enter into an agreement and plan of merger with Yanmar. Pursuant to the terms of the Merger Agreement, ASV’s stockholders will receive $7.05 in cash for each share of ASV common stock they own.

On July 30, 2019, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for September 4, 2019. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on November 4, 2019.