General Mills (GIS) May weekly calls active as shares trade near 13-month low

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Active Call Buying in General Mills (GIS) Amid Morning M&A Chatter -Susquehanna

May 4, 2017 1:39 PM EDT

Susquehanna options strategist Alison Edwards notes active call buying in General Mills (NYSE: GIS) this morning, following M&A chatter around the shares, as investors bought ~6000 May 60 Calls for up to $1.00, while another investor purchased 5000 Jab 65 Calls for $1.37.

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General Mills (GIS) Surges on Takeover Speculation Following CEO Change

May 4, 2017 10:31 AM EDT

(Updated - May 4, 2017 11:04 AM EDT)

Today's upside in General Mills (NYSE: GIS) is being driven by takeover speculation after the company announced yesterday that long-time CEO Ken Powell is being replaced. Powell will remain Chairman for a transition period until his... More