Motorcycle firm Ducati shares surge on stake talk

Newswire

MILAN, Oct 30 (Reuters) - Italian motorcycle maker Ducati shares soared more than 8 percent on Wednesday, helped by speculation that the group's controlling shareholder could sell its stake, leading to a takeover bid. Ducati shares on Tuesday surged more than 8 percent to close at 1.829 euros on the Milan bourse. Turnover, at 2.6 million shares, was six times the 30-day average. On the New York Stock Exchange, where the shares also trade, Ducati was up 7.5 percent at $17.85 at 1736 GMT. ...

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