STOCK PURCHASE AGREEMENT BY AND AMONG ASTEC INDUSTRIES, INC. PETERSON, INC. AND THE OTHER SHAREHOLDERS OF PETERSON, INC. DATED AS OF MAY 31, 2007Stock Purchase Agreement • August 8th, 2007 • Astec Industries Inc • Construction machinery & equip • Tennessee
This Stock Purchase Agreement (“Agreement”) is made and entered into as of May 31, 2007, by and among ASTEC INDUSTRIES, INC., a Tennessee corporation (“Buyer”), A. NEIL PETERSON, individually and as the Sellers' Representative, a resident of Oregon ("Neil Peterson"), the shareholders listed in Schedule 3.1(a), ("Shareholders") and PETERSON, INC., an Oregon corporation (the “Company”). Neil Peterson and the other Shareholders are referred to collectively herein as “Sellers.”
