Mars Inc. and Warren Buffett's Berkshire Hathaway (NYSE: BRK.B) were close to a pact to acquire WM. Wrigley Jr.Co (NYSE: WWY) for more than $22 billion according to people familiar with the situation at The Wall Street Journal.
WWY over all option implied volatility of 24 is near its 26-week average according to Track Data, suggesting non-directional price risk.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










