PepsiAmericas (NYSE: PAS) accepted Pepsi (NYSE: PEP) offer of $28.50 in cash or 0.5022 shares PEP. PAS September option implied volatility of 20 is below its six-month average of 33, according to Track Data, suggesting decreasing price movement.
Pepsi Bottling Group (NYSE: PBG) accepted PEP offer of $36.50 per share in cash or 0.6432 in shares of PEP. PBG September option implied volatility of 13 is low according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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