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Strategies & Market Trends : Speculating in Takeover Targets
CTG 8.110-1.1%1:56 PM EST

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To: richardred who wrote (4456)3/4/2018 8:05:04 AM
From: richardred1 Recommendation

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Celtictrader

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RE-ASV speculation It appears MNTX is scaling out of it's ASV stake. I found it a little surprising they sold at this point in time. MNTX sold 1 million ASV shares @ 7 below the market trading range of 8. The proceeds should help MNTX reduce debt even more should they choose to do so. They also have some million more ASV shares left should they decide to scale out altogether. IMO this gives credence on a new theory. I'm Guessing Possibly a privately equity firm looking at ASV down the road? This especially if MNTX scales out altogether. However TEX/TEREX should have a big say in whatever happens

P.S. MNTX 8k snip>separately negotiated transactions with unrelated institutional purchasers on February 26, 27 and 28, 2018, each at $7.00 per share. The sales were effected pursuant to a resale registration statement on Form S-1 (File No. 333-222142) filed by ASV and declared effective by the Securities and Exchange Commission on December 22, 2017. Following the sales, the Company owns 1,080,000 shares of common stock of ASV.

Looks like TEX took a stake in MNTX. I am a former ASVI holder and TEX holder. This venture with the TEX investment in MNTX should give TEX about an 8% stake. CAT owned a big piece of ASVI which TEX eventually bought out. IMO if the venture works out well. I can see TEX wanting the whole thing.
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