Alcoa Buyout Rumor

Discussion in 'Stocks' started by MrDODGE, Apr 3, 2008.

  1. 09:51 AA Alcoa: Hearing chatter that Alcoa has received a $49/share takeover bid from BHP and has received a couple of other expressions of interest (36.58 +0.15).

    That was posted on the Yahoo! board for Alcoa. Can anyone with a Briefing account confirm this statement? As of right now I am guessing this is BS... but the stock price has moved nicely.
  2. archon


    Seems like there are rumors all the time these days about Alcoa.

    However, the options activity in Alcoa makes me think that these latest rumors have some teeth. Options aren't always the most reliable indicator, but they can be helpful when you know what to look for.
  3. Exactly what I was thinking. Calls are pricing in a large move.
  4. archon


    Looks like there was some truth hidden in that options activity after all...