Saturday, June 30, 2012

USG Options Rise on M&A Rumor

Call options of building materials suppliers USG (USG) are attracting attention this afternoon, writes Briefing.com, following speculation, described by TheFlyOnTheWall.com, that the company could be taken private by its second-largest shareholder, Knauf International, a German maker of drywall and other materials. Briefing notes the prominent calls trading hands include Dec 17.5 calls. USG shares are up 35 cents, or 2.5%, at $14.43. Competitor Eagle Materials’s (EXP) stock is higher by 2% at $27.82.

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