Talbots Inc (TLB) $2.49 +0.00%
Talbots (TLB) is flat at $2.49 and 4000 Jul 2 calls recently traded on the retailer for 55 cents per contract on BOX when the market as 48 to 55 cents. Looks opening and comes as Sycamore Partners is buying the company for $2.75 per share. Paying 55 cents for Jul 2 calls is perhaps a bet that shares will move to the takeover price or beyond by the July expiration. A tender offer for the stock commenced on Jun 15. The deal is expected to close at some time in the third quarter.
Category: All Stocks, Retail, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
