OPTIONS BEAT-Questions raised on Trane option calls before deal


By Doris Frankel CHICAGO, Dec 17 (Reuters) - Heavy buying of Trane Inc call options leading to its pending purchase by diversified manufacturer Ingersoll-Rand has raised questions among some option participants on whether the news was leaked ahead of time. Ingersoll-Rand Co Ltd announced on Monday it would buy Trane, a maker of heating and air conditioning systems, for about $9.4 billion in cash and stock. Based on Monday's share prices, the deal values Trane at $46.73 per share, a 25.6 ...

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