By Eric Savitz Newell Rubbermaid (NWL) shares are trading higher this morning on rumors that Procter & Gamble (PG) might be interested in acquiring the company. According to TheFlyOnTheWall.com, “it’s believed that the boards of both companies met earlier,” and that Newell is seeking at least $21-$22 a share.
Schaeffer’s Investment Research notes that call trading in NWL options has skyrocketed today.
By Eric Savitz Newell Rubbermaid (NWL) shares are trading higher this morning on rumors that Procter & Gamble (PG) might be interested in acquiring the company. According to TheFlyOnTheWall.com, “it’s believed that the boards of both companies met earlier,” and that Newell is seeking at least $21-$22 a share.
Schaeffer’s Investment Research notes that call trading in NWL options has skyrocketed today.