Featured Motorcycle Brands
Ducati considering buyout
Shareholders Investindustrial, BS Investimenti and the Hospital of Ontario Pension Plan, which own a combined 30% of the company, plan to launch a US$579 million offer for the remaining shares.
The board met on Feb. 22 to discuss the offer and said in a press release that the offer was positively evaluated, both regarding its price, which appears reasonable, and its conditions, though they do want to conduct a more thorough evaluation once a formal offer is made.
The company says it first learned about the proposal through a press release issued on Feb. 19 and had not received any further details about the planned offer.
Ducati has hired Italian investment bank Mediobanca as an independent financial advisor.
Stock in Ducati closed at 1.39 euros a share the day before news of the offer. The proposed offer was for 1.67 euros a share.
Motorcycle.com presents an unrivaled combination of bike reviews and news written by industry experts
More by Motorcycle.com Staff
Comments
Join the conversation