Deals
Kodak Shares, Options Surge Amid Buyout Speculation
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Eastman Kodak Co. shares rose 11 percent to a five-month high, spurring bullish options trading, amid renewed speculation the company is an acquisition target.
“There’s nothing that I’ve seen that would substantiate the buyout rumors, but that might be the best reason for today’s upsurge,” said Christopher Carosa, president of Carosa, Stanton & DePaolo Asset Management LLC in Mendon, New York, and manager of the Bullfinch Greater Western New York Series mutual fund, which holds 1,600 shares of Kodak.