Monday, May 7, 2007

Alcan call trading seen active before Alcoa's bid

(Reuters) - He said volume was heaviest on April 24, April 25, May 1 and May 4, and during each of these days, volume outstripped April average daily volume of 2,046. On Friday alone, some 4,869 call contracts traded on the three call series.

"It's not as cut and dry as others that it might have been insider trading, but it does certainly look like somebody had a pretty good idea," Najarian said.


Read more at Reuters.com Mergers News

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