Gannett (GCI) volatility elevated into terminates discussions to acquire tronc (TRNC)

Gannett (NYSE: GCI) November call option implied volatility is at 52, December is at 66; compared to its 52-week range of 19 to 54 into confirming that the company has been engaged in discussions with tronc, Inc. (TRNC) regarding a potential transaction and has determined not to pursue an acquisition of tronc.

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