Heinz bets ahead of Buffett bid raise eyebrows

Well-timed trades in the US options market on HJ Heinz before a takeover plan by Berkshire Hathaway and 3G Capital was publicly disclosed, prompted some option-market experts on Thursday to question whether people with knowledge of the deal made bullish bets ahead of the announcement.

Warren Buffett’s Berkshire Hathaway Inc and Brazilian private equity firm 3G Capital on Thursday announced a US$72.50 per share cash deal for the ketchup and baby food maker, sending the stock up 20 per cent.

via Business feed http://www.scmp.com/business/companies/article/1150776/heinz-bets-ahead-buffett-bid-raise-eyebrows