GFM Network News


Textron to buy Arctic Cat

A U.S. firm with multiple brands in the utility vehicle market is set to add Minneapolis-based ATV and snowmobile maker Arctic Cat to its roster. Providence, R.I.-based Textron Inc. announced Wednesday it has signed an all-cash merger deal to buy NASDAQ-traded Arctic Cat for $18.50 a share, or about $247 million (all figures US$). Arctic […] Read more