Polaris Sells Most of Its KTM Stock
By John Davis • Jan 2nd, 2007 • Category: Northwest Cycle News HeadlinesPolaris Industries announced recently that the Company has entered into a share purchase agreement to sell approximately 1.38 million shares of KTM to a subsidiary of KTM’s largest shareholder, Cross Industries AG, for a purchase price of approximately 58.5 million Euros ($77.2 million). Polaris will retain ownership of approximately 0.34 million shares, representing slightly less than 5 percent of outstanding KTM shares.
John Davis is the owner, editor and publisher of Northwest Cycle Report. John also owns and writes for MotoSkagit.com and is the administrator for the Washington 120 State Park Tour. In addition to his own sites, John is a contributing author for MotorcycleLife.com and Motorcyclebloggers.com. He lives in Mount Vernon, WA and rides a candy-red Honda VTX1800 Retro.
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