US CREDIT-Kroger, Avis swaps jump on LBO rumors


By Doris Frankel and Karen Brettell CHICAGO/NEW YORK, May 29 (Reuters) - Kroger Co. and Avis Budget Group Inc.'s credit default swaps and stock options were active on Tuesday on renewed speculation they may be targeted by private equity firms and the securities are likely to remain volatile, at least in the short term. The cost to insure the debt of Kroger with credit default swaps rose by around 4 basis points to about 46.5 basis points, or $46,500 per year for five years to insure $10 ...

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