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Partly because AMF was unwilling to invest in the company, in 1981, Beals and 12 other investors, including Willie G. Davidson, initiated a highly leveraged $80 million buy out of Harley-Davidson that took the company private at the equivalent of 25 cents per share. [5]
AMF's ownership of Harley-Davidson was problematic, and by some accounts, the company was close to bankruptcy in the early 1980s. [1] Along with 12 others Harley-Davidson executives, Bleustein helped lead an $81.5 million leveraged buyout of the company in 1981. [1] [2] [8]
Harley-Davidson, Inc. (H-D, or simply Harley) is an American motorcycle manufacturer headquartered in Milwaukee, Wisconsin.Founded in 1903, it is one of two major American motorcycle manufacturers to survive the Great Depression along with its historical rival, Indian Motorcycles. [3]
261 Madison Avenue, formerly the AMF Building 1975 AMF Harley-Davidson 250 1975 AMF Harley-Davidson 350. In 1949, American Machine and Foundry developed a pretzel bender, an automatic baked pretzel-twisting machine that rolled and tied them at the rate of 50 a minute, more than twice as fast as skilled hand twisters.
One of the most notable early management buyout transactions was the acquisition of Harley-Davidson. A group of managers at Harley-Davidson, the motorcycle manufacturer, bought the company from AMF in a leveraged buyout in 1981, but racked up big losses the following year and had to ask for protection from Japanese competitors.
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One of the most notable early management buyout transactions was the acquisition of Harley-Davidson. A group of managers at Harley-Davidson, the motorcycle manufacturer, bought the company from AMF in a leveraged buyout in 1981, but racked up big losses the following year and had to ask for protection from Japanese competitors. [citation needed]
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