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Suspicions of insider trading surround CB&I's (CBI) $3B acquisition of Shaw Group (SHAW)...

Suspicions of insider trading surround CB&I's (CBI) $3B acquisition of Shaw Group (SHAW) after a trader today made a big paper return on 2000 August $29 options that he or she bought bought on Thursday for $0.25 each. With Shaw's shares +55% to $41.40 the calls are worth $12.40.
Comments (3)
  • dunnhaupt
    , contributor
    Comments (545) | Send Message
     
    this is a HUGE buying opportunity for CBI which has double-digit revenue and double-digit earnings.

     

    Disclosure: I owned CBI before and doubled my holdings today.
    30 Jul 2012, 01:44 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2616) | Send Message
     
    Thats turning $50,000 into $2,480,000. Not bad for 6 days.
    30 Jul 2012, 02:13 PM Reply Like
  • J 457
    , contributor
    Comments (951) | Send Message
     
    So many people would have known of this deal before it happened. They need to look into this trade a bit further...
    30 Jul 2012, 02:26 PM Reply Like
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