Exactly, there's no danger of being taken over since Triumph is a privately held company. I doubt JB is worried about prophets, it took him 10 years before he made a dime on his investment in Triumph. I doubt that after all the money he's personally poured into raising this company to what it is today he's going to toss it to some foreign interest just as he's starting to make a prophet.
Story sounds like moto-tabloid babble. Even if Baja is serious it doesn't seem likely.
dc
Tend to agree with your overall assessment this particular deal isn't likely at this point in time; however a privately held company is the EASIEST and SIMPLEST kind of all to "take over" if willingness exists (or can be cultivated by offering the right carrots).
Far less red tape; no resistant stockholders trying their best to queer the deal through a plethora of legal maneuvering. It would be relatively simple IF Bloor (and any other parties with interests we don't know about because it IS private) were in the mood.
Daytoncharlie you make a great point. It's taken ten years for Mr. Bloor to start seeing success w/Triumph. I still believe the company is in it's infancy and isn't ready to sell yet. At least I hope so!
I'm confused. How do you take over a company that has no stock and only one owner? Mr. Bloor may decide to sell the company to someone but I don't understand how they can takeover something that is wholly owned if that owner doesn't want to sell. I guess if triumph had large debt at some institution and that institution decided to sell that paper then pressure could be applied by the new owner of that paper. What do I know?
Flybiker
I Love my Triumph and this is the third one I have owned but if this happens I guess I will go to Buell or Ducati because if I wanted what everyone else had I would have bought Japanese.
Linear Mode
