Tuesday, September 20, 2005
call options trading could signal further interest of Bank of America or Citigroup - market report
20/09/2005
Story: Barclays, the UK based bank was again the subject of takeover speculation based on the trading of December call options, a Daily Express market report said.
The item cited dealers who noted substantial demand for the call options, the value of which would only be realized should Barclays' shares be selling at higher than 654p on their expiration date. Some market professionals cited by the report think that the demand signals that a widely-tipped bid from Bank of America or Citigroup might still emerge. Barclays shares were 5p up at 568p, the report said. The UK-listed bank's market capitalisation stands at GBP 36.75bn (EUR 54.39bn).
Source: Daily Express
Value: £3,675m (Barclays market capitalisation)
Story: Barclays, the UK based bank was again the subject of takeover speculation based on the trading of December call options, a Daily Express market report said.
The item cited dealers who noted substantial demand for the call options, the value of which would only be realized should Barclays' shares be selling at higher than 654p on their expiration date. Some market professionals cited by the report think that the demand signals that a widely-tipped bid from Bank of America or Citigroup might still emerge. Barclays shares were 5p up at 568p, the report said. The UK-listed bank's market capitalisation stands at GBP 36.75bn (EUR 54.39bn).
Source: Daily Express
Value: £3,675m (Barclays market capitalisation)
