Posted on Tuesday, Feb 27 2007 @ 16:58 CET by Thomas De Maesschalck
AMD's stock rose more than 5 percent yesterday on shatter about a possible buyout of the company.
He noted that the market chatter was unconfirmed. An AMD spokesman declined to comment on rumors or speculation.
"The volume in AMD March calls have been abnormally high," said Steve Sosnick, equity risk manager at Timber Hill, a division of Interactive Brokers Group. "There are rumors of a private equity buyout. At least in the near term, the options market is giving some credence to these rumors."
Source:
Reuters.
