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July 24, 2008

Old Mutual's BEE deal dips out-of-the-money

Old Mutual's (JSE:OML) black economic empowerment deal is hair-raisingly close to being out-of-the-money, raising for the first time in years the possibility - albeit in the somewhat distant future - of a major BEE deal failing.

In fact, technically speaking, the deal was out-of-the-money most days last week, and only the international turnaround in financial services stocks put the deal back in-the-money this week.

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Posted by StaffWriter at July 24, 2008 7:34 AM