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General Moto | Off-Topic Posts
Polaris buys 25% of KTM more to come
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[QUOTE="SFO, post: 941611, member: 21864"] reposted from husaberg.org... I'm sorry guys, but the truth may be much less fun and dramatic than it would appear at first blush. Taken from the article written in the last post; "Additionally, Polaris and KTM Power Sports' largest shareholder, Cross Industries AG ("Cross"), have entered into option agreements which, under certain conditions in 2007, either Cross may purchase Polaris' interest in KTM Power Sports AG or, alternatively, Polaris may become the majority shareholder of KTM Power Sports AG. In the latter case, the majority of the purchase price to Cross will be settled in Polaris shares and Cross will become a significant shareholder in the combined Polaris/KTM organization. Cross' principal shareholders are KTM CEO Stefan Pierer and KTM CFO Rudolf Knünz.... A bulletin from KTM to it's dealers spells it out much more clearly - KTM and Polaris are already owned by the SAME TWO GUYS! Just rich people moving tokens around on the board, no more or less. It may also make KTM american enough to import products from the EEC and escape some tarriffs while simultaniously allowing Polaris to take advantage of KTM's very effective global marketing infrastructure. [/QUOTE]
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MX, SX & Off-Road Discussions
General Moto | Off-Topic Posts
Polaris buys 25% of KTM more to come
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