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Odds on CLM


tyska
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This might be one of those questions that SharperDingaan has one of his formulas for, like with FBK. But probably more a question for Vegas odds makers. CLM just announced a takeover by Cliffs today at 17.25 a share. Then you have trading volume of 20% of the outstanding shares after the announcement all trading over that price. So what would the odds be that the price isn't moved up or another bidder comes in. Probably not a lot of profit taking on buying and selling the shares on the same day as the price sort of trended down through the day.

 

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