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Stock impact report

Polaris Completes Separation of Indian Motorcycle and Sale of Majority Stake to Carolwood LP [Yahoo! Finance]

Polaris Inc. (PII) 
Last polaris inc. earnings: 4/28 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
announced separation of Indian Motorcycle into a standalone business and the sale of a majority stake in Indian Motorcycle to Carolwood LP, an independent private equity firm founded in 2014 and headquartered in Los Angeles, California. "The successful completion of this transaction is a great outcome for all," said Polaris Chief Executive Officer Mike Speetzen. "Separating Indian Motorcycle enables Polaris to sharpen our strategic and operating focus on our core growth businesses, while driving immediate value creation for shareholders." Advisors Goldman Sachs & Co. LLC served as financial advisor, and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor to Polaris. ABOUT POLARIS As the global leader in powersports, Polaris Inc. (NYSE: PII) has been defining and redefining outdoor adventure since 1954. Polaris delivers industry-shaping off-road vehicles, snowmobiles, boats, military, quadricycles, and commercial transportation vehicles, along with an expansive p Show less Read more
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