Fording Canadian Coal Trust (FDG) option prices skewed into expected TCK close
Fording Canadian Coal Trust (NYSE: FDG) : FDG closed at $75.99. TCK announced the purchase of FDG on July 29. FDG shareholders will receive $82 cash and 0.245 of TCK Class B shares. TCK's purchase of all of the assets of FDG is expected to close on October 30. TCK closed at $9.58. FDG November call option implied volatility is at 19, puts are at 133 according to Track Data. Paul Foster
Fording Canadian Coal Trust operates as an open-ended mutual fund trust in Canada.
Fording Canadian Coal Trust operates as an open-ended mutual fund trust in Canada.
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