FBI Investigating Potential Insider Trading in Warren Buffett’s Heinz Deal
Filed under: Mergers & Acquisitions, Investment Fraud, Warren Buffett
By Emily Flitter
NEW YORK, Feb 19 (Reuters)
– The FBI is looking into alleged insider trading in the options of ketchup maker H.J. Heinz Co (HNZ) before its blockbuster acquisition last week by Warren Buffett and Brazil’s 3G Capital, a bureau spokesman said on Tuesday.
Buffett’s Berkshire Hathaway (BRK-A, BRK-B) and 3G said last Thursday they would buy Heinz for $23 billion in cash. Almost immediately, options market players noted extremely unusual activity the day before the deal.
On…
FBI Investigating Potential Insider Trading in Warren Buffett’s Heinz Deal originally appeared on DailyFinance.com on 2013-02-19T17:45:00Z.
Permalink | Email this | Comments
http://dailyfinance.com/2013/02/19/fbi-potential-insider-trading-investigation-heinz/