First National Bank in Howell issued the following announcement on Nov 6.
Equity bulls had been eyeing Walgreens Boots Alliance Inc. just before news broke Tuesday that the company is considering going private.
Trading of bullish options surged to a level not seen in two years Monday, amid the biggest two-day gain in the stock since 2014, data compiled by Bloomberg show. Calls betting that the shares would advance to at least $61 were the most traded -- they’ve been below that price since April.
Walgreens Boots climbed for a third day Tuesday, closing at $61.21, as people familiar with the matter said the retail pharmacy recently held informal talks with private-equity firms including KKR & Co. about taking the company private. Its bonds sank by the most ever.
The most-traded options on Monday were December $62.50 calls and November $61 calls, data compiled by Bloomberg show. A block of 1,336 of the latter contracts changed for 87 cents each. They were worth $1.87 apiece at Tuesday’s close.
Media representatives for Walgreens Boots didn’t immediately reply to a call and email asking for comment, outside of office hours.
Original source here.
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