I went to a Build a Bear, once and now try to steer clear.
Options players are paying a visit to BBW calls today. Over 2,000 October 20s have popped up on my Options Screener vs open interest of just 62 contracts.
BBW has long been mentioned as a takeover target. Throwing fuel on what has in recent weeks been a smoldering situation is word that BBW management cancelled an appearance at an investor conference.
BBW has a market cap of $381 mln, so while the days of deal-mania are over, Build a Bear could be taken out by someone using either old fashioned cash, or even stock. Recall, back at the end of June, BBW hired Lehman to look at strategic alternatives.
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