NEW YORK, Oct 27 (Reuters) – Traders who had placed bullish
bets on some of Brazil’s biggest companies ahead of the
country’s presidential elections hastened to cut losses on
Monday, a day after leftist Dilma Rousseff won a second term.
President Dilma Rousseff’s narrow re-election victory over
pro-business rival Aecio Neves on Sunday sent the U.S.-listed
shares of Brazilian companies sharply lower on Monday as
investors remained skeptical about her ability to turn around a
NEW YORK (Reuters) – Well-timed bullish options bets on Digital River Inc (DRIV.O: Quote, Profile, Research, Stock Buzz) were placed about two weeks before the e-commerce services company said on Friday it would be taken private.
Digital River’s stock rose 48 percent to $25.75 on Friday, a day after the Minnesota-based company said it entered into an agreement to be bought by an investor group led by Siris Capital Group LLC for $26 a shares.