NEW YORK, Aug. 16, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of ASV Holdings,
Inc. ("ASV" or the "Company") (NASDAQ: ASV) in connection with
the proposed acquisition of the Company by Yanmar Holdings.
Under the terms of the acquisition agreement, ASV Holdings
shareholders will receive $7.05 for
each share of ASV they own.
If you own ASV shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Visit our
website
http://www.weisslawllp.com/asv-holdings-inc/
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WeissLaw is investigating whether ASV Holdings'
Board acted to maximize shareholder value prior to entering
into the acquisition agreement. Notably, the Company recently
announced positive financial results. It reported revenue of
$36.02 million in the second quarter
of 2019, beating estimates by nearly $2.00
million. ASV also reported a 38% increase in machine
sales in North America.
WeissLaw is concentrating its investigation on whether the
acquisition enhances shareholder value. Specifically,
according to the acquisition announcement, the combination will
create "a comprehensive and global provider of compact equipment
with virtually no overlap in distribution networks."
Given these facts, WeissLaw is also concerned whether the
proposed merger undervalues the Company, and whether all material
information related to the proposed merger is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP