Buyout Rumors for Century Aluminum Company

Shares of CENX (NASDAQ: CENX) rose 3% Friday due to rumors the company may be bought out by U.S. Steel (NYSE: X). Call option volume on CENX also rose to unusual levels as investors are predicting a strong upward move in the shares. The Wall Street Journal said that CENX is extremely undervalued here and should be trading near 17$ instead of 11$. Andy Kibbens, Co-CEO of The Markets Are Open, said to "Buy buy buy! Shares of CENX will rocket higher as commodities in general will enter a bull market like we've never seen before". This comment gave confidence to the entire commodities sector on Friday lifting Asian and North American markets.