In other words, if a deal is coming it is a hostile one that has not been hinted at to members of its senior management. Does that mean a deal cannot come? No. It just means that the company is not engaged in discussions.
Frankly, the $11.6 billion market cap seems a bit high for the type of rumors that it might go private. With shares up 25 at $33.08, the 52-week trading range is $28.22 to $36.66.
Options had been active based upon the rumor mill. The NOV-2010 $35 CALLS traded some 8,072 contracts today versus a prior open interest of only 359 contracts.
JON C. OGG
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