Options activity in BlackBerry Ltd jumped after a Reuters report that Samsung Electronics Co Ltd had approached the Canadian company about a possible takeover deal. Call volume on BlackBerry options swelled to about four times normal after the report that Samsung had approached BlackBerry about buying the company for as much as $7.5 billion.The value of BlackBerry calls, which allow the purchase of shares at a specified price in the future, soared, in some cases by several thousand percent. U.S.-listed shares rose 29.7 percent to close at $12.59 on Wednesday.Calls that had been betting on BlackBerry shares rising above $12 were the most heavily traded. These had been worth 8 cents at the start of the day but were worth $1.31 by the close of trading, according to Thomson Reuters data.The news also meant huge gains for some traders who bought calls earlier in the day.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.72% or $-0.28/share to $38.78. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 776597 shares of TRI exchange hands on a given day and today's volume is recorded at 905947.
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