LBO Chatter

I've been tied up today with home front related issues, but there is plenty of LBO chatter today causing shares of USG and Grace (GRA) to rally. As previously mentioned, time spreads are the way to go, or a quick in and out day trade on the calls. There's also takeover chatter surrounding Infospace (INSP). We haven't touched any of them mainly because of distractions with other things today.