Harley-Davidson Shares Swerve on Takeover Chatter

This isn't the first time Harley takeover speculation has buoyed shares.

Author:: James Passeri
Publish date:: Sep 21, 2016 4:29 PM EDT

Harley Davidson (HOG) - Get Report shares were swerving in midday trading after a report by TheFly cited renewed rumors of a potential private-equity takeover bid. But then shares fell slightly when the rumor was debunked by CNBC in its Halftime report. CNBC cited conflicting chatter that no bidders are coming to the plate. Shares of Harley were also buoyed Wednesday after a Road King Classic report that the iconic motorcycle manufacturer's latest Milwaukee-Eight engine could exceed initial performance expectations. Harley shares were still up about 4% in afternoon trading, after falling about 3% from their midday peek. And this isn't the first time a Harley takeover has been speculated, sending shares roaring ahead, with TheStreet's Brian Sozzi citing in July that PE giant KKR (KKR) - Get Report could be stepping up.

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