Item 8.01. Other Events.
On November 30, 2012, the previously announced agreement between Astec
Industries, Inc. (the "Company") and The Charles Machine Works, Inc. ("Buyer")
regarding the sale by the Company to Buyer of all of the outstanding stock of
American Augers, Inc., a subsidiary of the Company, was consummated. The
$43,577,000 purchase price relating thereto was paid in cash and is subject to
normal post-closing adjustments.
The Company expects that the previously announced related agreement regarding
its sale to Buyer of certain assets related to the Trencor large trencher
product line of the Company's subsidiary, Astec Underground, Inc., will be
consummated in early December 2012.
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