Placer Dome-PDG option implied volatility decreases on Friendly ABX Acquisition
Placer Dome (NYSE: PDG) : ABX, the world's 3rd largest gold producer agreed to pay PDG shareholders $22.50 in cash or 0.8269 of ABX stock plus .05 cents cash per share. PDG January option implied volatility of 16 is below yesterday's level of 26. Decreasing option implied volatility suggests reduced price fluctuations. Paul Foster
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