Fredrikson & Byron acted as legal counsel to Arctic Cat Inc. (NASDAQ: ACAT), a Minnesota-based manufacturer of snowmobiles, ATVs and other power sports products and accessories, in its merger agreement with Textron Inc. (NYSE: TXT), a leading global manufacturer of golf cars, utility and personal transportation vehicles, professional turf-care equipment and ground support equipment. Textron Inc. will acquire Arctic Cat in a cash tender offer valued at approximately $247 million plus retirement of bank debt.
Fredrikson’s legal team was led by John Houston, Amanda Lorentz, Ashley Brosius, Elizabeth Dunshee, Dave Grorud, Kristi Nickles, Adam Miller, Debra Linder, Karen Schanfield, Emily Chad, Paul Jones and Levi Smith.
