Options Update: PepsiCo (PEP) & Pepsi Bottling Group (PBG)
PepsiCo (PEP)
PepsiCo Volatility At 30 Into Proposal To Purchase PBG And PAS
PepsiCo is offering the equivalent of $29.50 per share for stock itdoesnít already own in its biggest bottler, Pepsi Bottling Group(PBG)and $23.27 for PepsiAmericas (PAS) shares.
PEP reported Q1 EPS of $.72verses consensus estimates of $.67 and reaffirmed full year guidance.
PEP is recently trading at $51.01 in pre-open trading, below its closeof $52.13.
PEP May option implied volatility of 30 is below its 6-monthaverage of 35.
Pepsi Bottling Group (PBG)
Pepsi Bottling Volatility Flat At 50 Into Pepsi Buyout Offer
Pepsi Bottling Group is recently trading at $29.65 in pre-open trading,above its close of $25.20.
PepsiCo (PEP) is offering the equivalent of$29.50 per share for stock it doesnít already own in PBG.
PBG Mayoption implied volatility of 50 is near its 6-month average of 48.
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