Polaris Industries faxed its dealer network late Tuesday afternoon to announce it had acquired Indian Motorcycle Ltd., a move I see as placing a big target on Harley-Davidson’s back and raising the specter that Harley might be facing some decent domestic competition in the near future. Indian is a company that is advised by Stellican Ltd. and Novator Partners LLP, two United Kingdom private equity firms.
Adding some support to my prognosis, Polaris Industries Inc. (NYSE:PII) stock was up 26 percent this morning after news of the Indian Motorcycle Ltd. (IML) acquisition. That’s a gain of 48 percent year-to-date. And further bolstering the news was the release today of … Continue Reading