BCE Inc. (NYSE: BCE) closed at $36.50.
BCE, Canada's largest telecommunications company, announced on June 30, 2007, it agreed to be acquired by an investment arm of Ontario Teachers Pension Plan, Providence Partners and Madison Dearborn Partners for an announced deal price of $42.75 per share. The Federal Communications Commissions cleared the deal on Dec. 20.
BCE May option implied volatility of 47 is above its 26-week average of 33 according to Track Data, suggesting larger movement.
MA& Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
