It's unlikely the market would support KTM buying HD (David eating Goliath). While KTM is publicly traded they are controlled by a single shareholder, and a little under half is owned by Indian M manufacturer Bajaj. My guess is it would take a pretty big premium as the stock is currently taking a pounding.Ownership? Which one owning whom? I think both of them are too big to be bought by the other. For publicly traded companies, shareholders need to be on board (typically by dangling money in front of them, I.e. the buying company pays a premium over the normal share price). I haven't dug into this to see if it is even conceivable.