Is EADS looking at CAE? part 2
25 March 2008
CAE (CAE:TSX) shares outperformed the market yesterday, which was the first trading day after the idea was floated (see prior post “Is EADS looking at CAE?” March 20-08) that CAE might fit the stated 2008 acquisition profile of EADS. The stock rose 6% (the Dow was only up 1.5%) on volume of almost one million shares, as compared to average daily volume of 585k.
It would appear that some traders think the story has legs.
MRM
Posted in Capital Markets, Hedge Funds, Mergers & Acquisitions, Montreal, Technology |
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