Cases
Arctic Cat, Inc. (NASDAQ: ACAT)
Securities Class Action
Overview
Overview
- Date:
- 2/10/2017
- Company Name:
- Arctic Cat, Inc.
- Stock Symbol:
- ACAT
- Class Period:
- FROM 2/8/2017
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Minnesota
NEW YORK, February 10, 2017 – Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the District of Minnesota on behalf of all persons or entities who held Arctic Cat, Inc. (NASDAQ: ACAT) securities on February 8, 2017 (the “Class Period”).
On January 25, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Textron Inc. will acquire Arctic Cat, Inc. in a deal worth $247 million. As a result of the merger, Arctic Cat shareholders are only anticipated to receive $18.50 in cash for each share of Arctic Cat common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Arctic Cat securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On January 25, 2017, the two parties announced the signing of a definitive merger agreement pursuant to which Textron Inc. will acquire Arctic Cat, Inc. in a deal worth $247 million. As a result of the merger, Arctic Cat shareholders are only anticipated to receive $18.50 in cash for each share of Arctic Cat common stock.
The complaint alleges that the company failed to conduct a fair sales process and failed to disclose all material information regarding the sale of the company.
If you held Arctic Cat securities during the Class Period, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters please contact Melissa A. Fortunato, Esq. by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.