AQI.TO posts

Feed

Pan American Silver (PAAS) looking to buy Aquiline

PAAS logoPan American Silver (NASDAQ: PAAS - option chain) stock is trading lower today after announcing this morning that it has made a formal takeover bid for exploration company Aquiline Resources (TSX: AQI). PAAS will offer Aquiline shareholders 0.2495 of a PAAS common share plus 0.1 of a PAAS common share purchase warrant for each Aquiline common share. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on PAAS.

This morning, PAAS opened at $25.71. So far today the stock has hit a high of $25.75 and a low of $24.35. As of 11:40, PAAS is trading at $24.52, down $1.40 (-5.4%). The chart for PAAS looks bullish.

Continue reading Pan American Silver (PAAS) looking to buy Aquiline

Symbol Lookup
IndexesChangePrice
DJIA+57.0312,858.26
NASDAQ+21.802,925.68
S&P 500+7.211,349.85

Last updated: February 13, 2012: 12:34 PM

Hot Stocks

General Electric

19.03+0.155(+0.82)

Alcoa

10.35+0.06(+0.58)

Apple Inc

497.79+4.37(+0.89)

Google Inc 'A'

612.52+6.61(+1.09)

Bank of America

8.25+0.18(+2.23)

Wal-Mart Stores

61.88-0.02(-0.03)

Exxon Mobil Corp

84.16+0.36(+0.43)

Ford

12.54+0.10(+0.80)

Citigroup

33.37+0.445(+1.35)

IBM

192.38-0.04(-0.02)

Yahoo

16.13-0.01(-0.06)

Starbucks

49.17+0.35(+0.72)

Microsoft

30.56+0.065(+0.21)

Home Depot

45.77+0.44(+0.97)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329154488343 ms.