Polaris Buys Back Company Stock from Fuji Heavy Industries
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This article comes from AsphaltandRubber.com
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Polaris Industries has announced that it has bought back*3.96 million shares of the company’s stock*from*Fuji Heavy Industries, for the tidy sum of*$497.5 million — roughly 6% of Polaris’ total market capitalization. Paying for the stock purchase with roughly $247 million in cash, and $250 in credit, the move is a response to Polaris’ continued push to develop its own engines in-house. For some background, Fuji Heavy Industries was the sole-engine supplier to Polaris...
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Visit Asphalt & Rubber for more articles like this one
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This article comes from AsphaltandRubber.com
*
*
*
Polaris Industries has announced that it has bought back*3.96 million shares of the company’s stock*from*Fuji Heavy Industries, for the tidy sum of*$497.5 million — roughly 6% of Polaris’ total market capitalization. Paying for the stock purchase with roughly $247 million in cash, and $250 in credit, the move is a response to Polaris’ continued push to develop its own engines in-house. For some background, Fuji Heavy Industries was the sole-engine supplier to Polaris...
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Visit Asphalt & Rubber for more articles like this one
