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Arctic Cat authorizes new share repurchase program
11 Aug '14
1 min read
Arctic Cat Inc. announced that its board of directors authorized a new share repurchase program for up to $25 million of the company’s common stock. This is in addition to approximately $1.1 million remaining under its current repurchase program.
Share repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The timing of share repurchases will depend on market conditions and other corporate considerations. Arctic Cat currently has approximately 12.9 million common shares outstanding.
“The new share repurchase program demonstrates our continuing commitment to increase shareholder value and reflects our belief that the stock represents a good investment opportunity,” said Christopher Twomey, Arctic Cat’s chairman and chief executive officer.
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat brand name, as well as related parts, garments and accessories.
Share repurchases under this program may be made through open market and privately negotiated transactions from time to time and in such amounts as management deems appropriate. The timing of share repurchases will depend on market conditions and other corporate considerations. Arctic Cat currently has approximately 12.9 million common shares outstanding.
“The new share repurchase program demonstrates our continuing commitment to increase shareholder value and reflects our belief that the stock represents a good investment opportunity,” said Christopher Twomey, Arctic Cat’s chairman and chief executive officer.
About Arctic Cat
Arctic Cat Inc. designs, engineers, manufactures and markets all-terrain vehicles (ATVs), side-by-sides and snowmobiles under the Arctic Cat brand name, as well as related parts, garments and accessories.
Arctic Cat
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