Daily News: February 20, 2013

Bloomberg: Heinz Deal Trading Triggers FBI Investigation


Bloomberg reported that the FBI is working with the SEC in a criminal probe of trading “anomalies” prior to the announcement of a deal to buy H.J. Heinz, citing a spokesman for the FBI’s New York office.

The article added that the SEC sued “unknown” traders over “suspicious trading” of Heinz shares through what the regulator said was an account at Goldman Sachs. The trades came one day before Berkshire Hathaway and 3G Capital announced their $23 billion takeover.

To read the entire Bloomberg story, click here.

Previously on abfjournal.com:

SEC Suspects Insider Trading Ahead of Heinz Acquisition, Friday, February 15, 2013