FBI play catch-up in Ketchup deal


THE FBI investigates allegations that options market trades in Heinz [HNZ.N] on the day preceding its takeover was evidence of insider trading.

Warren Buffett’s Berkshire Hathaway (BRKa.N) and Brazil's 3G Capital said last Thursday they would buy the ketchup maker for $23 billion in cash.

Almost immediately, options market players noted there had been extremely unusual activity the day before the deal was announced.

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