Arctic Cat seals its fate with $18.50 offer from Textron.
Narrow-moat Arctic Cat announced on Jan. 25 that it has reached a definitive agreement with no-moat Textron to be acquired in a cash transaction valued at approximately $247 million, plus the assumption of debt. Textron makes a wide array of products including business jets, piston and turboprop aircraft, civil and military helicopters, unmanned aircraft, military munitions, motorized aircraft tugs, recreational and golf vehicles, electrical transmission products, simulation and training solutio...
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