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Honda denies talk of interest in Harley

TOKYO
Mon Jun 25, 2007 7:36am EDT

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TOKYO (Reuters) - Japan's Honda Motor Co. (7267.T) has denied it is looking to buy Harley-Davidson Inc. (HOG.N), rumors of which had sent the U.S. motorcycle maker's shares surging in New York on Friday.

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"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.
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