Anheuser-Busch (NYSE: BUD) is recently trading at $62.36 in after-market trading, above its close of $58.35.
BUD announced it has received an unsolicited, non-binding proposal from InBev to acquire all of the outstanding shares of BUD for $65 per share in cash.
BUD call option volume of 101,677 contracts compares to put volume of 26,542 contracts. BUD June option implied volatility went out at 48, July at 41; above its 26-week average of 28 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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Reader Comments (Page 1 of 1)
6-11-2008 @ 10:19PM
Ketul S said...
Here's an analysis on why BUD should reject InBev's $65/share offer
http://usequity.blogspot.com
6-11-2008 @ 11:28PM
Chris said...
We cannot let this happen! Anheuser-Busch is an American icon! Visit www.DontSellAB.com to view and sign the petition protesting this buyout.
6-12-2008 @ 4:53AM
JDG said...
Americans don't make anything anymore...now we can't even make our own beer. This country is in a sad state. Nothing but a bunch of fat over-indulgent consumers.