Polaris won't acquire KTM majority.(Polaris Industries Inc. on acquisation of KTM Power Sports AG )(Brief article)

ATV Magazine, October, 2006

Polaris Industries Inc. and KTM Power Sports AG announced that they will continue their strategic partnership at an operational and technical level but that they no longer anticipate that Polaris will acquire a majority equity interest in KTM.

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On July 19, 2005, the companies announced Polaris bought a 25 percent interest in KTM and that Polaris and KTM's largest shareholder, Cross Industries AG, had entered into an option agreement which provided that, under certain conditions in 2007, either Cross could purchase Polaris' interest in KTM or, alternatively, Polaris could purchase Cross' majority interest in KTM. The first phase of the partnership called for each company to be run independently but work on several specific...

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