Is EADS looking at CAE? part 2
CAE (CAE:TSX) shares outperformed the market yesterday, which was the first trading day after the idea was floated (see prior post “Is EADS looking at CAE?” March 20-08) that CAE might fit the stated 2008 acquisition profile of EADS. The stock rose 6% (the Dow was only up 1.5%) on volume of almost one million shares, as compared to average daily volume of 585k.
It would appear that some traders think the story has legs.