Someone placed a very profitable $90,000 bet on Heinz just before it was acquired
Wednesday, February 20, 2013 8:50
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http://newsdoors.blogspot.com/2013/02/someone-placed-very-profitable-90000.html
The Federal Bureau of Investigation has opened a criminal inquiry into suspicious trades placed ahead of the $23 billion acquisition of H.J. Heinz, a person briefed on the matter said on Tuesday.
The F.B.I.’s involvement adds to the scrutiny surrounding the deal and further highlights the temptation that major takeovers present to traders.
Last week, a day after the deal was announced, the Securities and Exchange Commission promptly froze a Swiss account linked to possible insider trading in the Heinz takeover.
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