FBI investigating potential insider trading in Heinz

The FBI is looking into possible insider trading in the options of ketchup maker HJ Heinz before its blockbuster deal last week to be acquired by Warren Buffett and Brazil’s 3G Capital, a bureau spokesman said.

Buffett’s Berkshire Hathaway and 3G said last Thursday they would buy Heinz for US$23 billion (HK$178.4 billion) in cash. Almost immediately, options market players noted there had been extremely unusual activity the day before the deal was announced.

via Business feed http://www.scmp.com/business/companies/article/1154510/fbi-investigating-potential-insider-trading-heinz