Contributor Since 2013
The EU competition comission currently examining a joint venture between Saint-Gobain and Corning (GLW). In case, it got approved during the first stage, it will be approved at latest as Tuesday, 17th of May, 2016.
In 2007 a department from Saint-Gobain called Vertotex merged with Corning Inc. This merger was approved under the condition that Corning Inc. was supposed to divest two factories. Given, the fact that this agreement has been approved we can argue that with a very high (subjective) probability the joint venture will be approved.
Furthermore, the call options of 17th of June, 2016 show large positions compared to other months. Ofcourse, given the previous information we should be able to connect the dots.
Entry of merger in 2007: ec.europa.eu/competition/elojade/isef/ca...
Entry of joint venture 2016: ec.europa.eu/competition/elojade/isef/ca...
Options of 17th of June 2016: finance.yahoo.com/q/op?s=GLW&date=14...
Disclosure: I am/we are long GLW.
Additional disclosure: This is my first article. I am quiet new to this. The article has been written by means of research and facts found on the internet. As far as I know I do not get compensated. I am a student so feel free to send me a check.