After the dust-up surrounding Harley-Davidson's rumored evacuation of Wisconsin, the motorcycle manufacturer has announced that it will be staying in the Midwest. Unionized employees voted on September 13 to keep production operations in both Tomahawk and Milwaukee right where they are. Three labor organizations ratified a new seven-year contract that will take effect once the current deal expires in April of 2012.
We're not sure if this report should be filed in the Good News folder or the Bad. Harley-Davidson shares jumped an impressive six percent today to their highest level in more than four months. Why? Apparently, the increased activity was spurred by speculation of a possible takeover by private equity firm Kohlberg Kravis Roberts.