Sometimes you just want to be somebody else. Old-school motorcycle manufacturer Harley-Davidson will list its electric bike unit, LiveWire, for $2.3 billion through a merger with special-purpose acquisition company AEA-Bridges Impact (ABIC). It’s a neat way to hitch a ride on the blank-cheque boom, although the company has done what it can to ensure a smooth ride.
. It’s a neat way to hitch a ride on the blank-cheque boom, although the company has done what it can to ensure a smooth ride.
Listing LiveWire allows CEO Jochen Zeitz to get credit today for the group’s electric future by tapping into red-hot demand from cash-rich blank-cheque vehicles and those like ABIC, which are focused on environmental winners. By hanging onto 74% of the unit after listing, Harley-Davidson will still be able to consolidate its revenues. The deal caused the Wisconsin-based group’s shares to jump 11% on Monday, adding around $600 million to its market capitalisation.
The structure of the transaction, too, is designed for an easy journey. Some SPAC deals, such as AeroFarms’ deal with Spring Valley Acquisition
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Harley-Davidson to take electric motorcycle division LiveWire public via merger with SPACHarley-Davidson Inc. undefined said Monday its LiveWire electric motorcycle business will go public by merging with special-purpose acquisition corporation...
Read more »
Harley-Davidson to take electric motorcycle division LiveWire public via merger with SPACHarley-Davidson Inc. undefined said Monday its LiveWire electric motorcycle business will go public by merging with special-purpose acquisition corporation...
Read more »
Harley's electric motorcycle division to go public via $1.7 bln SPAC dealHarley-Davidson Inc's electric-motorcycle division LiveWire will go public through a merger with a blank-check firm in a deal valuing it at $1.77 billion, the company said on Monday, as the 118-year old brand turns to younger customers to boost volumes.
Read more »
SoftBank SPAC to take Walmart-backed Symbotic public in $5.5 bln dealWalmart Inc-backed Symbotic said on Monday it would go public through a merger with a SoftBank Group Corp blank-check firm in a deal offering the robotics and automation startup a pro-forma equity value of $5.5 billion.
Read more »
Singapore's PropertyGuru sets its sights on mergers and acquisitions after its planned SPAC listingPropertyGuru announced plans in July to go public through a merger with Bridgetown 2 Holdings — a blank-check company backed by Richard Li and Peter Thiel.
Read more »