Harley-Davidson (HOG) Up Nearly 7% On Takeover Rumors

Shares of Harley-Davidson, Inc. (NYSE: HOG) ended trading on Tuesday up nearly 7% fueled by takeover rumors.

Rumors are circulating that private equity firm Kohlberg Kravis Roberts may be considering a takeover of the motorcycle manufacturer.

Neither Kohlberg Kravis Roberts, nor Harley-Davidson, Inc. have commented on the takeover rumors yet.

Trading activity for the shares of Harley-Davidson were three times the normal volume and the options market also saw heavy trading, where investors were expecting the stock to continue to climb.

Harley-Davidson has suffered financially because it's been difficult to sell expensive motorcycles during a time of high unemployment and economic uncertainty.

The company reported a 4th quarter 2009 loss of $218.7 million.

Shares of Harley-Davidson ended the Tuesday trading session up 6.98% at $28.35.