Arctic Cat in Trouble
- Thread starter GoBigParts
- Start date
I don't believe it until it is actually announced. There will be a public period for the announcement before a deal is signed off on. Board and majority shareholders will weigh in more than likely, if not in a vote in buying and selling stock.
I went through the Textron acquisition. We were told we were agreed to be purchased in late January, but I was an Arctic Cat employee until March. In March I was issued a Textron employee number. I wouldn't expect it to be done any different. During a M&A the SEC will watch trading closer for those entities as well. It is in the benefit of the shareholders to have that information public.
Sure they are showing people around the business. It has been happening since sometime in April or May 2024 from what I heard from former coworkers. I left on my own, but have heard all the rumors as well.
And I'm "just saying" you're wrong. A deal is not "done." I have it on good reporting that visits are still taking place this week for potential buyers. Such activities wouldn't take place if it was "done". Also, your 60-90 day information is out of touch with reality. Just as what happened when Arctic Cat was purchased by Textron, because Textron is a publicly traded company, it will be announced as soon as the deal is "done" and the final transaction will take place some 30-60 days later. Last time, the sale was announced on January 25, 2017 and final transaction completion on March 6, 2017.
Next time bring a little more substance when you speculate, your "facts" are a little underwhelming:
1. Deal is done.
- sorry, but it's not. see information above
2. Textron has to follow protocols.
- correct. that would mean announcing a deal as soon as reasonably possible once deal is agreed upon. this would typically be the business day following the signature of all necessary parties on all required documentation.
3. Takes 60-90 days to complete most deals.
- this is false. there is no "normal" timeframe for negotiating or closing a business deal. I assume you are incorrectly correlating negotiating the deal and closing the deal. as I referenced earlier, any transaction will be announced the following business day after all appropriate documentation is signed. and then sometime, likely 15-60 days later, the transaction will be closed. Just like what took place back in 2017. it will not magically close on Friday as Arctic Cat and re-open on Monday under a different company.
4. You live 60 miles from the factory.
- that's great. it's also a proximity fallacy. the distance at which you live from the factory has no relevance to the information being discussed.
5. Test rides being done, showed some 26 models at the photo shoots and renewed it's membership in snowmobile association
- all three items are relatively inexpensive activities that any potential buyer would expect to be taking place in order to maintain value in the asset potentially being aquirred
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Just to feed the rumor mill...CFMoto is now sponsoring the Kyllo Racing snowcross team. Which happens to be running Arctic Cat sleds.
I love rumors like that!
You gotta think whoever buys Cat will get a screaming deal. Better for Textron to sell it cheap than go the bankruptcy route or salvage sale.
What are you talking about? There is no bankruptcy. Textron is a $15 billion a year company, they aren't going bankrupt. Arctic Cat is no longer a business, it's a brand that is currently for sale.
I'm sorry, but that's just not the case here. When Textron acquired Arctic Cat back in 2017, Arctic Cat ceased to exist as a stand alone company or business and was rolled into the TSV (Textron Specialized Vehicles) business operations.
Textron is the corporate entity that is traded on the new york stock exchange and is made of six business units. Those are Textron Aviation, Textron eAviation, Bell, Industrial, Textron Systems, and Finance. In the Industrial business unit there is Textron Specialized Vehicles and Kautex. TSV is made up of the BRANDS of E-z-go, Jacobsen, Cushman, Textron GSE (Tug, Douglas, Premier, Safeaero) and Arctic Cat.
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And that is why there is a VP of Arctic Cat, but not a President. Engineering reported through to VP of Engineering of TSV.
Textron is carrying on with Arctic Cat the same way they did with Dixie Chopper back in 2018/2019. They ended production of Dixie Chopper (a brand just like AC) in December 2018. Then in August of 2019, they finally sold the assets related to that production and the intellectual property to Alamo group.
O.T. ??? IS THAT YOU ?
I have a big ego, so i'm assuming you are talking to me. unfortunately i don't get the reference.O.T. ??? IS THAT YOU ?
Just was an old forum member(2000 or so) with a similar writing style and wording .
Didn't think you had been around that long spud!!
