Guest blogger Lance Jungmeyer chiming in ...
Wall Street is all atwitter at the thought of another retail buyout.
This story from the Cincinnati Post shows that traders are expecting a buyout of The Kroger Co., perhaps from a private-equity firm.
The article states that "some traders Tuesday were signaling their expectations that Kroger shares are due a strong run-up in the coming few weeks, buying call options that allow them to pay $30 and $35 for the stock by late June."
Kroger shares, trading at about $30 on Tuesday, haven't been close to $35 since 1999 when they topped out at $34.91
Created by The Packer's National Editor Tom Karst
No comments:
Post a Comment