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View Full Version : Piaggio overtake Ducati in Aprilia race



Bob
3rd August 2004, 00:31
Piaggio is back in the race for Aprilia after the struggling motorcycle maker rejected an offer from rival Ducati. Ducati said it would not change its offer which it felt fully valued Aprilia.

Piaggio is the only other company that has formally declared interest in Aprilia and said on Sunday that it would quickly complete due diligence and present its plan to unions.

"At this point, it seems more likely that Piaggio is going to win now that Ducati's offer has been thrown out," said one trader in the Italian Stock Exchange. "The only thing in Piaggio's way would be the unions".

A Piaggio/Aprilia combined company would ring in about 1.5 billion annually.