Harley-Davidson Inc.’s electric-motorcycle division will develop into a separate publicly traded firm through a blank-check merger, a transfer the corporate mentioned would assist speed up product growth and manufacturing.
The deal will mix LiveWire, Harley-Davidson’s electric-vehicle arm, with a special-purpose acquisition firm known as AEA-Bridges Affect Corp. , making LiveWire publicly traded. The settlement’s phrases give LiveWire a professional forma enterprise valuation of about $1.77 billion, the businesses mentioned.
