Author |
Message |
Hughlysses
| Posted on Thursday, July 25, 2013 - 08:13 am: |
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http://www.dnaindia.com/money/1865341/report-hero- motocorp-may-hike-stake-in-erik-buell Erik was quoted after the previous stock purchase that he didn't plan on giving up his majority ownership anytime soon; let's hope he sticks to that. |
Panhead_dan
| Posted on Thursday, July 25, 2013 - 08:24 am: |
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Many of us saw this coming. I wouldn't blame Erik if he just sold out and retired. Mr. Buell, Please prove me wrong. |
Hybridmomentspass
| Posted on Thursday, July 25, 2013 - 08:24 am: |
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sigh. |
Hughlysses
| Posted on Thursday, July 25, 2013 - 08:27 am: |
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I wouldn't read too much into this. This is some industry analyst in India saying Hero "hinted" that this is what they want to do. That's a long ways from Erik selling a majority of his company, especially since Hero still owes ~$10M for the 49.2% they've already committed to buy (they've only invested $15M so far according to the previous articles with a promise of $10M more). |
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