Money for Nothing, Questions raised on Schering-Plough calls before deal | WHAT REALLY HAPPENED


Money for Nothing, Questions raised on Schering-Plough calls before deal

Reuters Doris Frankel CHICAGO, March 9 (Reuters) - The unusual buying of call options in Schering-Plough Corp (SGP.N) placed days before its pending acquisition deal with Merck & Co Inc (MRK.N) have some options players asking if the news was leaked in advance.

Some lucky option players appeared to have reaped a windfall with Schering-Plough call options rocketing after Merck on Monday announced a proposed $41.1 billion takeover of the drugmaker.

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