Thursday, July 12, 2007

Market watchers won't rule out takeover of Macy's

(Reuters) - In recent weeks, speculation has surfaced that the operator of the Macy's and Bloomingdale's store chains might be a takeover target for private equity firms.




Investors have placed bullish bets in the options markets by buying Macy's calls. For the past three Fridays, Macy's call volume was heavier than usual as investors hoped to profit from a share rally.


Read more at Reuters.com Bonds News

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