Private equity firm to buy AMD?

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.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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