(Bloomberg) -- Trading in options to buy UST Inc.
shares jumped to the highest since December on speculation the
largest U.S. smokeless tobacco producer may be acquired by Altria
Group Inc., parent of the world's largest cigarette maker.
The number of call-option contracts traded in UST rose to
7,317, or 20 times the average during the prior 20 trading
sessions. UST shares added 97 cents to $53.74 in 2:07 p.m. New
York Stock Exchange composite trading.
Read more at Bloomberg Stocks News
shares jumped to the highest since December on speculation the
largest U.S. smokeless tobacco producer may be acquired by Altria
Group Inc., parent of the world's largest cigarette maker.
The number of call-option contracts traded in UST rose to
7,317, or 20 times the average during the prior 20 trading
sessions. UST shares added 97 cents to $53.74 in 2:07 p.m. New
York Stock Exchange composite trading.
Read more at Bloomberg Stocks News
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