Harley Davidson Pops On Takeover Talk (HOG)

By Swing Trader
March 16, 2010 10:44 AM

Symbols: HOG

Posted in: News, Rumors, Intraday Update, Markets, Movers

Shares of Harley Davidson (NYSE: HOG) are gaining on a rumor the iconic motorcycle maker may be the target of a leveraged buyout.

Traders are citing market talk that private equity firm Kohlberg Kravis Roberts could be a potential bidder for Harley. A spokesperson for KKR said it is not their policy to comment on speculation.

Harley shares rose $1.53, or 5.77%, to $28.03 in morning trading.

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