Irregular Trading in Heinz Stock. Related to John Kerry or
by James Denison - 2/19/13 6:05 PM
Warren Buffet? I sorta doubt Kerry would be foolish enough to be involved in this, but then I think of Martha Steward and realize, it's possible. Buffet wouldn't even bother with 2 million, especially not his firm being a principle in this takeover.
Heinz irregular options trading one day before buyout offer.
WASHINGTON (MarketWatch) - The Federal Bureau of Investigation is participating in a probe of suspicious H.J Heinz Co.
option trades made before Berkshire Hathaway Inc.'s
takeover offer of the food company, according to an FBI statement. "The
FBI is aware of the trading anomalies the day before Heinz's
announcement. We are consulting with the SEC to determine if a crime was
committed," said FBI spokesman Peter Donald. The SEC on Friday received
a court order freezing a Zurich, Switzerland account on suspicions of
insider trading in the takeover of H.J. Heinz. The SEC alleges that
options traders made a profit of more than $1.7 million from knowing
that Berkshire Hathaway and 3G Capital were going to buy Heinz for $28
billion, or $72.50 a share.