Energy

How Harley, and climate change, are leading to new spinoff thinking

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A charger is plugged into a LiveWire electric motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, U.S., on Monday, April 19, 2021.

Bloomberg | Bloomberg | Getty Images

For corporations, 2021 has been a year of big spinoff plans and volatile SPAC offerings. As of this week, Wall Street and investors had one more iconic name to add into both financial engineering columns: Harley-Davidson.

The motorcycle maker announced plans to spin off its electric bike division, LiveWire, as a new company through a SPAC deal that values Harley’s EV business at roughly $1.8 billion.

That’s not near the valuations some of the EV car makers, including Rivian Automotive and Lucid Group,…



Source cnbc.com

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