Snowmobile maker Arctic Cat sold for $247M
MINNEAPOLIS — Long-struggling Minneapolis-based Arctic Cat is being purchased by Textron Inc. for $247 million in cash, a consolidation coming at a time when sales of all-terrain vehicles and snowmobiles have been under pressure, company officials announced Wednesday. The sale to Rhode Island-based Textron represents a bold solution for a manufacturer that has long tried but…
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Sure is empty down here...