Volume Spike: Harley-Davidson, on Warren Buffett (HOG)

Posted in General 
February 3rd, 2009

Harley-Davidson Inc. (NYSE: HOG) has seen a major move today after announcing a $600 million bond offering.  The unsecured debt sale was probably fine on its own, but it was disclosed that Warren Buffett via Berkshire Hathaway Inc. is taking down part of the offering.  The rates are high here, but that is often what companies have to do to get Buffett on board as a cheerleader.  Here is the full detail of that note offering plus terms.

HOG shares are up over 11% at $13.20 on more than 6.8 million shares AS OF 11:02 AM EST.  Its average daily volume is only about 5.5 million shares.

Jon C. Ogg
February 3, 2009

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