Harley at centre of buyout rumour

Private equity firm linked to purchase of iconic bike manufacturer

Visordown News's picture
Submitted by Visordown News on Tue, 16/03/2010 - 15:56

HOT RUMOUR from Wall Street today is that Harley-Davidson may be the potential target for a buyer, which has prompted shares to jump 5.7 per cent.

"The shares were up and calls are very active on unconfirmed talk that Harley-Davidson might be the subject of a leveraged buyout," according to WhatsTrading.com options strategist Frederic Ruffy.

"Traders are focused on short-term March call options with strikes between $25 and $28 and the April $28 and $30 calls," he said.

It's alleged private equity firm Kohlberg Kravis Roberts was a potential bidder for the legendary but much-troubled motorcycle manufacturer. However, the firm declined comment when pressed on the subject:

"We don't comment on deal speculation," said a KKR spokesman said.

Watch this space.

Via that nice chap at Hell for Leather - the one that likes Kev Ash.

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