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Harwood Feffer LLP Announces Investigation of Arctic Cat Inc.

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NEW YORK, Jan. 25, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Arctic Cat Inc. ("Arctic Cat" or the "Company") (NASDAQ: ACAT) concerning the proposed acquisition of Textron Inc. ("Textron").

Under the terms of the offer, Textron would acquire Arctic Cat in a transaction valued at approximately $247 million.  Pursuant to the deal, Arctic Cat shareholders will receive $18.50 per share owned.  At least one Wall Street analyst set a price target for Arctic Cat stock of $20 per share.

Our investigation concerns whether the Arctic Cat board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company unitholders. 

If you own Arctic Cat units and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
                           (212)935-7400
Email:  bsachsmichaels@hfesq.com
Website:   http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm. 

Attorney Advertising. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/harwood-feffer-llp-announces-investigation-of-arctic-cat-inc-300396888.html

SOURCE Harwood Feffer LLP

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