After-Hours Spike: BCE (BCE)

Posted in General 
June 20th, 2008

If you have been following the BCE Inc. (NYSE: BCE) merger saga, you’ll be happy to know it looks like it is ending.  The Canadian courts have ruled that the Ontario Teachers buyout can proceed despite the bondholders’ complaints.  This has traded more than 2.2 million shares in after-hours trading today at 5:20 PM EST.  The stock is up roughly 10% at $37.50 after closing at $34.10 in regular trading.  That is almost twice the average volume and just in the after-hours session alone.  This stock also saw highly active options activity in the June expiration dates that just expired at 4:00 PM EST.

52-week trading range:  $32.20 to $44.59

Market cap:     $27.4 Billion before the pop


Jon Ogg

June 20, 2008

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