Harley-Davidson Among Bidders To Buy Italian Ducati

Numerous sources state that Harley-Davidson is lining up a takeover bid for Italian Ducati put up for sale by German carmaker Volkswagen, potentially bringing together two of the most famous names in motorcycling in a deal that could be worth up to 1.5 billion euros ($1.67 billion) Others are also preparing to bid: Bajaj Auto (BAJA.NS) and several buyout funds. Tentative bids are expected in July. VW hopes to raise between 1.4 and 1.5 billion euros from the sale of Ducati, valuing it at 14-15 times its earnings before interest, taxes, depreciation and amortization (EBITDA) of about 100 million euros. A source close to VW said the sale of Ducati may not be finalized before the annual EICMA motorcycle show in Milan in mid-November as VW wants to find the right buyer and the sales process may take time. - 

tags: ducati buy out , harley buys ducati , motorcycle, harley davidson , nathan finneman , breed of speed