Harley-Davidson finishes sale of MV Agusta. What do you thing about the sale?

Harley-Davidson Inc. said Friday it finished its sale of Italian motorcycle maker MV Agusta to Claudio Castiglioni.

 

Castiglioni is the company's former owner and had served as MV Agusta's chairman since Harley-Davidson purchased it in 2008. Harley-Davidson has been focused on cutting costs and streamlining its business. It said last October it planned to sell MV Agusta.

 

Harley-Davidson shares fell 3.7 percent, or $1.07, to $27.54 in Friday afternoon trading, while the broader Standard & Poor's 500 index was down about 1.5 percent.

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Good info Dan, I feel HD is making the correct business move...going back to their core business. The stock prices reflect the market and the motorcycle industry sale numbers.

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