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Ducati - News - Hoover'sDucati board gives initial green light to takeover bid (Ducati, il consiglio approva l'Opa)
02/25/2008 01:20:01 PM EST
IL SOLE 24 ORE
The board of directors at Ducati has given preliminary approval to the full-scale takeover offer for the Italian motorbike manufacturer launched by Investindustrial and BS. Directors said the offer of 1.70 euros per share, which values Ducati at more than 550m euros, 'appeared reasonable'. However, no mention was made of the merger that is rumoured to follow the operation.
Ducati has chosen Mediobanca as its advisor for the deal.
Abstracted from Il Sole 24 Ore