By Katie Hart
Arctic Cat Inc. (NASDAQ:ACAT), a company specializing in the
manufacture and sale of all-terrain vehicles and snowmobiles, has recently paid
$79.3 million to Suzuki Motor Corp. in a buyback of 6.1 million outstanding
shares, bringing their outstanding shares down to 12.3 million.
In addition, Suzuki’s representative board member has resigned, bringing the
number of directors to seven.
Arctic Cat will continue to use Suzuki as a supplier of parts, including
snowmobile engines, for at least the next two years.