Eicher set to make $1.8-$2 billion binding bid for Ducati: report
7 Sept 2017 10:05 AM IST7 Sept 2017 10:05 AM IST
Company currently finalising and structuring terms with global banks and consulting firms.
The company said despite its efforts some of the employees did not respond to its appeal making them to dismiss them from service with effect from February 11. (Photo: PTI)
Mumbai: India’s Eicher Motors Ltd, maker of Royal Enfield classic motorbikes, is set to make a binding takeover bid for Italian motorcyle manufacturer Ducati for $1.8 billion-$2 billion, the Economic Times daily reported on Thursday.
Eicher is currently finalising and structuring terms with global banks and consulting companies ahead of a bid deadline at the end of the month, the paper said, quoting unnamed sources. (bit.ly/2eHOiI5)
Sources told Reuters in June that U.S. motorcycle maker Harley-Davidson and India’s Bajaj Auto Ltd were among companies preparing bids for Ducati, which is being put up for sale by German carmaker Volkswagen.
( Source : reuters )
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