Harley-Davidson shares gain on takeover talk
NEW YORK/CHICAGO, March 16 (Reuters) - Harley-Davidson Inc (HOG.N) shares jumped 6 percent on Tuesday to their highest level in more than four months, lifted by speculation the motorcycle maker could be the target of a leveraged buyout.
Quote from the article:
Source: Harley-Davidson shares gain on takeover talk
Quote from the article:
Harley refused to comment on the market talk of a looming deal, which at least one analyst dismissed as "highly unlikely." But the speculation sent the company's shares higher and they were up $1.59, or 6 percent, at $28.10 in afternoon trading on the New York Stock Exchange, where they were among the most actively traded issues. Interest in Harley-Davidson options was also unusually active, with traders focused on short-term March call options with strikes between $25 and $28 and the April $28 and $30 calls, according to WhatsTrading.com options strategist Frederic Ruffy. The March options expire on Friday after the close. But volatility in the options was also "hot," according to Jon Najarian, the co-founder of optionMonster.com, indicating "fear as well as short-covering" Short interest in Harley shares is 15 percent, according to Najarian. The speculation started early, with traders in Frankfurt citing market talk that the private equity firm Kohlberg Kravis Roberts was a potential bidder for the company -- talk KKR declined to knock down. "We don't comment on deal speculation," a KKR [KKR.UL] spokesman said. |
Source: Harley-Davidson shares gain on takeover talk
Related Stories
03/16/2010 07:13 AM: Harley-Davidson V-Rod Power Tops a Quick Pro Stock Motorcycle Field by TimothyTGAINESVILLE, Fla. (March 14, 2010) - Screamin' Eagle®/Vance & Hines rider Eddie Krawiec rode a Harley-Davidson® V-Rod® to win the opening round of the NHRA Pro Stock Motorcycle season at the Tire...
03/04/2010 02:09 PM: Seth Enslow breaks world record for the longest distance jump on his Harley-Davidson. by TimothyT
US motorcyclist Seth Enslow has broken the world record for the longest distance jump on his Harley-Davidson. XVD929BTgBY ...
03/04/2010 07:54 AM: The Screamin' Eagle / Vance & Hines team brings Harley-Davidson high-performance to the top level of professional drag racing by TimothyT
The Screamin' Eagle® / Vance & Hines team brings Harley-Davidson® high-performance to the top level of professional drag racing. Champions four of the past six seasons in the Pro Stock Motorcycl...
02/25/2010 03:18 PM: Harley-Davidson Ride-In Custom Bike Show Revs Up Daytona by TimothyT
MILWAUKEE (February 24, 2010) - Every Harley-Davidson motorcycle and rider has a truly unique personality. These one-of-a-kind bikes and their proud owners will be out in full force at the Harley-Davi...
02/24/2010 01:04 PM: Harley-Davidson offering great deals on 2009 models by TimothyT
Now is the time to go your own way and ride a new Harley-Davidson® motorcycle with the Ride Easy Guarantee promotion. The Ride Easy Guarantee runs from today until March 31, 2010 at participating dea...
