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Great Atlantic & Pacific Tea GAP (news,
chart,
quote) - GAP option implied volatility higher into PTMK discussions
GAP, the operator of 405 stores, confirmed it is in negotiations to acquire PTMK. GSCO say's "we continue to believe that the combination, while likely to unlock significant cost takeout synergies, carries certain risks." GAP March option implied volatility of 39 is above its one year average of 35 according to Track Data.
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