Ducati Motor Holding has announced plans to buy out shareholders at a 23% premium and take Ducati private. According to Forbes, this news drove up Piaggio stocks, though Piaggio asserted today that they have no intention of following Ducati’s lead. 56.5% of Piaggio shares are held by IMMSI SpA, Piaggio chairman/CEO Roberto Colaninno’s holding company.
(See comments, I originally totally mangled this story and reported that Ducati was threatening to buy out Piaggio stockholders. I blame Forbes for writing confusing sentences.)