SAN DIEGO, Jan. 25, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Arctic Cat Inc. (NASDAQ: ACAT) breached their fiduciary duties in connection with the proposed sale of the Company to Textron Inc. Arctic Cat designs, engineers, manufactures and markets snowmobiles and all-terrain vehicles (ATVs) and recreational off-highway vehicles under the Arctic Cat and MotorFist brand names.
On January 25, 2017, Arctic Cat announced it had signed a definitive merger agreement with Textron. Under the terms of the agreement, Arctic Cat shareholders will receive $18.50 per share in cash.
The investigation concerns whether the Arctic Cat board failed to satisfy their duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Arctic Cat shares of common stock. Nationally recognized Johnson & Weaver is investigating whether the proposed deal price represents adequate consideration; especially given that the price target for one Wall Street analyst is $20.00.
If you are a shareholder of Arctic Cat and believe the proposed buyout price is too low and you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP