On or around 08/01/2019 (Ongoing date of last review)
Filing Date: August 01, 2019
According to the Complaint, 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 Holdings, Inc. will be acquired by Yanmar America Corporation.
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.
Company & Securities Information
Defendant: ASV Holdings, Inc.
Sector: Capital Goods
Industry: Constr. & Agric. Machinery
Headquarters: United States
Ticker Symbol: ASV
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Michael Kent, et al. v. ASV Holdings, Inc., et al.