Harley-Davidson Takeover Rumors Resurface - TheStreet

Harley-Davidson Takeover Rumors Resurface

Harley-Davidson takeover rumors are resurfacing, prompting a stock price reaction.
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NEW YORK (TheStreet) -- Shares of Harley-Davidson (HOG) - Get Report have edged up amid rumors that private equity firms are eying the company as a takeover target.

The stock has risen 1.5% to $26.57.

According to

StreetAccount,

this rumor has resurfaced numerous times in the past, including on Mar. 16.

On that day, there were rumors that private equity firm KKR might be interested in buying the outfit, causing a spike in Harley stock.

Such unsubstantiated, leveraged buyout rumors have been attributed to growing confidence among businesses in a U.S. economic recovery. This week, the confidence was no doubt bolstered by reassuring comments from Fed chairman Ben Bernanke.

-- Reported by Andrea Tse in New York

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