Type of deal: Block trade of BSkyB shares
Amount: £430 million
Seller: Granada
Broker: BT Alex Brown
In such volatile financial markets, most investment banks are overwhelmingly concerned to reduce their exposures and risk-taking. So when BT Alex Brown took on a £430 million ($730 million) block trade in BSkyB shares towards the close of London trading on Tuesday October 13, it simply took the market’s breath away. With equities volatile, BSkyB, a high-beta stock, has been even more volatile than the general market.
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