MF Global (MF) will explore strategic options, sources say, following yesterday's 48% dive, and...

|About: MF Global Holdings Ltd. (MFGLQ)|By:, SA News Editor

MF Global (MF) will explore strategic options, sources say, following yesterday's 48% dive, and after its bonds tumbled into distressed territory. Shares began the day higher, but are plunging again, recently -24% to $1.37. Investors are panicked about MF's $6B in exposure to European sovereign debt.