Honda denies talk of interest in Harley
TOKYO (Reuters) - Japan's honda Motor Co. has denied it is looking to buy Harley-Davidson Inc. , rumors of which had sent the U.S. motorcycle maker's shares surging in New York on Friday.
"There's absolutely no truth to it," honda spokeswoman Makiko Yoshida said in Tokyo on Monday.
Despite skepticism from analysts and market participants, Harley-Davidson shares and options surged, with 58,535 options changing hands on Friday -- more than 14 times the daily average, according to figures from market research firm Track Data.
Its share price gained as much as 6.4 percent before closing Friday's session up $2.43, or about 4 percent, at $62.55 on the New York Stock Exchange.
Shares in honda, the world's biggest motorcycle maker, reacted little in Tokyo, ending up 0.5 percent on Monday at 4,420 yen.
Source: http://www.reuters.com/arti...
issued: Tuesday, June 26, 2007
updated: Tuesday, June 26, 2007
More recent news:
- C100 Astrea Partslist added
- Just in: Honda Benly Emblem Sets
- New: Fuel prices comparison
- Just added: MB50Z MB-5 1979
- Attention MB50 owners
- 22 resources for CB250RS owners
- Just in: CB750 OEM exhaust Kit
- Honda to show off experimental "walking assist device"
- Classics ONK Assen Report
- Motorcycle Hall presents celebrity wing
More honda news:
C100 Astrea Partslist added
Just in: Honda Benly Emblem Sets
Just added: MB50Z MB-5 1979
Attention MB50 owners
22 resources for CB250RS owners
Just in: CB750 OEM exhaust Kit
Honda to show off experimental "walking assist device"
Honda says to build half billion-dollar plant in Japan
UK Launch - Four brand new Honda models
Honda's first four years in America
Honda Sets All-Time Record for Worldwide Production for Any Month
Honda Develops New Automatic Transmission System for Motorcycles
2008 Honda Fireblade gets a full makeover
2008 Honda Shadow Spirit review
Honda produces 10 million motorcycles in Brazil
Honda CBR600RR - Bike Magazines Machine of The Year 2007
Honda denies talk of interest in Harley
More New Honda Cruisers
Honda launches new S-Wing 125 scooter
Honda Vietnam launches new bikes
Honda CBR600 is 20
New Honda Varadero 125 is in the shops
Honda's smaller and lighter Staffie
Honda reveals F1 racing concept
Honda's SH300i in UK shops
Honda4Fest 2007: the Seventies are on our doorstep
Honda says odometers on 6M cars click off mileage at too-quick pace
HondaJet to Be Produced at New Plant for Delivery to Customers in 2010
Honda breathes new life into CBR
Hero Honda's new 100cc CD-Deluxe