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January 4, 2012
Arctic Cat Buys Back From Suzuki
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.
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