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Buell Forum » EBR & Buell in the News » Archive through September 13, 2013 » Hero MotoCorp May Hike Its Stake in Erik Buell « Previous Next »

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Hughlysses
Posted on Thursday, July 25, 2013 - 08:13 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

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.
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Panhead_dan
Posted on Thursday, July 25, 2013 - 08:24 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Many of us saw this coming. I wouldn't blame Erik if he just sold out and retired.

Mr. Buell,
Please prove me wrong.
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Hybridmomentspass
Posted on Thursday, July 25, 2013 - 08:24 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

sigh.
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Hughlysses
Posted on Thursday, July 25, 2013 - 08:27 am:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

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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