Friday, March 14, 2008
more on bsc
i happen to believe a deal for bsc gets done over the weekend and is announced before the open on monday; either hsbc buying bsc or jpm buying all or part of bsc. if that's true, then the trade for today was either march 30 puts on bsc or bsc corporate debt. right on the close, i heard of a quote for liquid 5.55% 2017 maturity at about 60 cents on the dollar. if a deal is made, that would be some trade!