Filed under: Deals, Law, Options

BCE Inc (NYSE: BCE) is trading at $34 in pre-open trading, above its close of $32.71.

BCE will ask Supreme Court of Canada on June 17, 2008 to overturn an appeals court ruling that the takeover of the company by an investment arm of Ontario Instructors Pension, Providence Partners and Madison Dearborn Partners didn’t adequately consider the negative effect on bondholders.

BCE July option implied volatility of 35 is near its 26-week average according to Track Data, suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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This entry was posted on Monday, June 16th, 2008 at 1:02 pm and is filed under Latest News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.