(Bloomberg) -- Trading in options to buy shares of
aQuantive Inc. rose yesterday before the online advertiser, long
the subject of takeover speculation, agreed to be acquired by
Microsoft Corp. for $6 billion.
An option to buy aQuantive shares for $35 by today's
expiration deadline jumped tenfold yesterday to $1. The price of
the option surged almost 29-fold today after Microsoft offered to
buy aQuantive for $66.50 a share, sparking a 78 percent rally in
the stock.
Read more at Bloomberg Stocks News
aQuantive Inc. rose yesterday before the online advertiser, long
the subject of takeover speculation, agreed to be acquired by
Microsoft Corp. for $6 billion.
An option to buy aQuantive shares for $35 by today's
expiration deadline jumped tenfold yesterday to $1. The price of
the option surged almost 29-fold today after Microsoft offered to
buy aQuantive for $66.50 a share, sparking a 78 percent rally in
the stock.
Read more at Bloomberg Stocks News
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