This Week rumor was that Nestle could be interested buy the company...stock is almost up 6% on the week with more than 2 times the weekly average volume with 32mil shares traded this week, and almost 20mil traded on the last 3days of trading...as NYSE volume was mainly below average.
General Mills calls traded ~13.7k contracts today, ~3.4x 4-wk avg volume as the underlying hit 52-wk high of $64.99, up as much as 2.6% on the day.
- April $62.50 calls, May $67.50 calls, and April $65 calls most active
- GIS 4 buys, 14 holds, 4 sells, avg PT $59: Bloomberg data
{GIS US Equity S5CONS Index RGIP 5 <GO>} {GIS US Equity S5CONS Index GRT D <GO>}
{GIS US Equity SPX Index RGIP5 <GO>} {GIS US Equity SPX Index GRT D <GO>}
{GIS US Equity NESN VX Equity RGIP5 <GO>} {GIS US Equity NESN VX Equity GRT D <GO>}
--> Other names to watch in the sector MDLZ, MJN...potential targets also for Nestle or Danone...keep in mind that last move on eur$ is also a +ve factor for NESN & BN to move in the US where Growth expectations are higher than in Europe and less risky than in the EM area.