Westport-based Terex Corp. said today its planned $480.6 million acquisition of construction equipment maker ASV Inc. received antitrust approval.
The company said the waiting period under the Hart-Scott-Rodino Antitrust Act had expired, clearing the way for the tender offer to go through. In January, Terex offered to buy all of ASV’s outstanding stock for $18 per share. (See WestportNow Jan. 14, 2008)
ASV makes compact track loaders used in construction and is based in Grand Rapids, Minn.
Terex said the tender offer is scheduled to expire at the end of Feb. 25 unless extended.
