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Buell Forum » 1125R Superbike Board » Archive through September 11, 2015 » [Misleading Title] Hero Buys EBR « Previous Next »

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Dannybuell
Posted on Tuesday, July 28, 2015 - 04:41 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

http://businesstoday.intoday.in/story/hero-motocor p-to-acquire-assets-in-eric-buell-racing/1/222175. html
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Snacktoast
Posted on Tuesday, July 28, 2015 - 04:47 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Did you read the article?
Your title is misleading at best.
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Brokengq
Posted on Tuesday, July 28, 2015 - 04:48 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

It's been all over and already picked apart. Hero is just to get what they were promised from the start, no more. They are not getting the company.
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Dannybuell
Posted on Wednesday, July 29, 2015 - 01:17 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

The country's largest two-wheeler maker Hero MotoCorp is set to acquire assets in Eric Buell Racing for $2.8 million as a part of the settlement deal with court-appointed receiver in the bankruptcy matter of the US-based company.

Sorry if this is wrong or outdated...
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Ratbuell
Posted on Wednesday, July 29, 2015 - 03:57 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

"Acquire assets".

Not "buying the company".

They can't even spell EriK correctly...

(Message edited by ratbuell on July 29, 2015)
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Dannybuell
Posted on Wednesday, July 29, 2015 - 09:12 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

From FB

its true... fingers crossed for the 5th

EBR
New date for the sale is set for August 5th. Hero has separately made a deal with the receiver to purchase just those assets specific to the consulting projects EBR was doing for Hero. So what will be sold on the 5th are all the assets related to the EBR motorcycle business.
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Zac4mac
Posted on Wednesday, July 29, 2015 - 09:19 pm:   Edit Post Delete Post View Post/Check IP Print Post    Move Post (Custodian/Admin Only) Ban Poster IP (Custodian/Admin only)

Right. at this point. Auction on the 5th, judge will rule if the auction terms are legal on the 6th.

we should all know in a week.........
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