An offer by the key shareholders in Italian motorbike manufacturer Ducati to buy out the whole company sent its share price soaring on Tuesday.
Ducati shares were listed at 1.66 euros following the acquisition offer by private equity companies Investindustrial and BS Investimenti, which own 29% of the company, to buy shares at 1.70 euros for a total cost of 390 mln euros.
Investindustrial said its objective was to delist the company, whose shares had closed at 1.3940 euros on Monday
The offer is conditional on a green light from antitrust authorities.
Investindustrial is the investment fund of Carlo and Andrea Bonomi that bought control of the company from the Texas Pacific Group (TPG) in December 2005, returning it to Italian ownership.
TPG acquired Ducati in 1996 from the Italian motorcycle company Cagiva.
Ducati sold 40,761 motorcycles in 2007 and recorded revenue of 398 mln euros ($588 mln).
