Thursday, March 29, 2012

Audi Offers €750 Million for Ducati

According to Italy’s Correrie di Bologna, the Volkswagen Group has made a €750 million bid on Ducati Motor Holdings. Just shy of Investindustrial’s reported €832 million asking price on the Italian motorcycle manufacturer. Reports are also saying that Volkswagen’s due diligence process has uncovered that Ducati has less debt on its books than previously thought (previously rumored to be in the €200 million range), and that the €750 million offer would nearly double  Investindustrial’s initial purchase price of the Italian company. Said ...

Source: http://feedproxy.google.com/~r/AsphaltandRubber/~3/SDQPx6WHvTk/

Steve Baker Peter Balaz Romolo Balbi Jean François Balde Mike Baldinger

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