Stoked News – News, Videos, surf, skateboard, snowboard, motorsports, action sports » Blog Archive » Officially Official: Harley-Davidson “Sells” MV Agusta to Castiglioni Family
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There has to be a bevy of high-fives going on in Milwaukee right now, as Harley-Davidson has finally unloaded MV Agusta from its holdings (we broke the news on the purchase earlier this morning). Harley-Davidson bought MV Agusta for $109 million back in 2008 (most of which was bad debt), and now just a little over two years later is making a tidy profit of…well, nothing. After wiping the books clean, investing in new infrastructre, and getting MV Agusta back on track with an all new model line-up (with a bike on the way), Harley-Davidson saw a paltry sum of €1 cross its desks. Harley-Davidson shares are down 3.5% as of this writing.

Instead Harley-Davidson is calling things even with the Castiglioni family, who would have seen a stock pay-out had the company exchanged hands with another buyer, like TPG for instance. The Castiglioni’s stock was worth   …  Details

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This entry was posted on Friday, August 6th, 2010 at 12:09 pm and is filed under Motorcycle, New Motorcycle products & Tests, Street Riding. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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