Ducati’s board is considering a proposed buyout offer from the company’s main shareholders, Reuters reported Feb. 22.
Shareholders Investindustrial, BS Investimenti and Canadian pension fund Hospitals of Ontario plan to launch a 390.8 million euro ($579 million) offer for the 70 percent of the company they do not own, the news service reported.
The board met on Friday to consider the offer.
“The forecast offer by the key shareholders was evaluated positively in terms of price, which seems reasonable, as well as for conditions,” Ducati said in a statement, according to Reuters.
The Bologna, Italy-based company needs to examine a formal proposal and valuations given by advisers. Ducati has hired Mediobanca as its financial adviser.
Private equity firm Investindustrial owns 15.6 percent of Ducati. Hospitals of Ontario Pension Plan has a 7.4 percent stake and BS Investimenti holds around 7 percent of the company.