Three investment firms that together hold 30% of Ducati Motor Holding SpA have launched a takeover bid for the Italian motorcycle manufacturer, according to an article appearing on www.bloomberg.com. The three investment firms, Investindustrial SpA, BS Investments and partner Hospital of Ontario Pension Plan, will offer as much as $576 million for the rest of the company, according to the report (~http://www.bloomberg.com/apps/news?pid=20601085&sid=ask.lPM5gky0&refer=europe~) Ducati recently reported a profit of $19,553,128 for fiscal year 2007, compared with a loss of $12,496,360 in 2006. In addition, Ducati’s revenues (+30.5%); motorcycles sold (+18.7%); and parts, accessories and apparel sold (+27.0%) were up from 2006.
Investors Launch Takeover Bid For Ducati
Investors Launch Takeover Bid For Ducati
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