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FBI Probing Suspicious Trading of Heinz Options Just Before Purchase Announcement

Steve Neavling
ticklethewire.com

The FBI is investigating a series of suspiciously well-timed trades just before the $23 billion acquisition of H.J. Heinz Co., the New York Times reports.

The probe comes as the Security and Exchange Commission froze a Swiss account tied to possible insider trading.

The New York Times wrote that the well-timed options trades were purchased a day before Berkshire Hathaway and the investment firm 3G Capital agreed to buy Heinz.

Shares and the values of options soared after the announcement.

‘‘The FBI is consulting with the SEC to see if a crime was committed,’’ an FBI spokesman said in a statement.


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