(Bloomberg) -- Trading in options to buy shares of
Manor Care Inc. surged to a record June 29, the last trading day
before the operator of nursing homes and assisted-living centers
said it agreed to be acquired by Carlyle Group for $6.3 billion.
Manor Care option trading soared April 11 when the Toledo,
Ohio-based company said it hired investment bank JPMorgan Chase &
Co. to take advantage of its ``very strong financial position''
and ``enhance shareholder value.'' Since then, an average of
1,257 call-option contracts have traded each day, more than 3 1/2
times the prior year-to-date figure.
Read more at Bloomberg Stocks News
Manor Care Inc. surged to a record June 29, the last trading day
before the operator of nursing homes and assisted-living centers
said it agreed to be acquired by Carlyle Group for $6.3 billion.
Manor Care option trading soared April 11 when the Toledo,
Ohio-based company said it hired investment bank JPMorgan Chase &
Co. to take advantage of its ``very strong financial position''
and ``enhance shareholder value.'' Since then, an average of
1,257 call-option contracts have traded each day, more than 3 1/2
times the prior year-to-date figure.
Read more at Bloomberg Stocks News
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