cat buys back suzuki shares

 On Sept. 15, Arctic Cat announced the repurchasing of four percent of Arctic Cat's total outstanding shares. The actual amount totaled 843,000 shares of Class B stock from Suzuki Motor Corporation. The buyback brings Suzuki's ownership to just under 32 percent, or 6.7 million shares, of Arctic Cat's common stock.

"Due to our active stock repurchase program, Suzuki's percent ownership of our shares has grown over time," said Christopher Twomey, chairman and chief executive officer of Arctic Cat. "The repurchase returns Suzuki to the level it owned when it first acquired the shares. It also allows Arctic Cat to repurchase a large block of shares without adversely impacting the current level of publicly traded shares."

Since 1996, Arctic Cat has repurchased more than eight million shares under three share repurchase plans.