UPDATE 1 - Ducati shares surge on TPG stake talk

Newswire

(Adds details, background) MILAN, Oct 30 (Reuters) - Shares in Italian motorcycle maker Ducati soared more than 8 percent on Wednesday, fueled by speculation that a major shareholder could sell its stake in a move that may lead to a takeover bid. Ducati Motor Holding SpA is about 33 percent owned by U.S. private equity firm Texas Pacific Group, which has held the stake since 1995. Buyout firms typically sell their holdings in companies in a three- to seven-year timeframe, prompting ...

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