The US financial regulator, the Securities and Exchange Commission (SEC), is already suing unnamed traders for insider dealing.
Last Thursday, Heinz was bought for $23 billion by Warren Buffett’s Berkshire Hathaway fund and 3G Capital.
Unusual trading activity in the shares was noticed the previous day.
“The FBI is aware of trading anomalies the day before Heinz’s announcement” a spokesman said.
“The FBI is consulting with the SEC to determine if a crime was committed.”
The SEC believes that some traders knew about the takeover before it was announced and made $1.7 million from the knowledge. It obtained an emergency court order to freeze assets in a Swiss-based account.
The traders in question made risky bets that Heinz’s stock price would increase, using financial instruments called options. After the official announcement of the deal Heinz’s share price rose by 20%.
“Irregular and highly suspicious options trading immediately in front of a merger or acquisition announcement is a serious red flag that traders may be improperly acting on confidential non-public information” said the SEC’s head of the Market Abuse Unit, Daniel Hawke.
There is no implication that Heinz or its new owners have committed any wrongdoing.
The SEC said a bank account at Goldman Sachs was used. Goldman Sachs has said it is co-operating with the investigation.
Image source: Wikimedia Commons President-elect Donald Trump celebrated his election victory at the Ultimate Fighting…
Millions of voters across the US chose to return Donald Trump to the White House…
Donald Trump declares victory in the US election as he addresses jubilant supporters in Florida.…
Stocks around the world are rising as Donald Trump appears to be on the cusp…
Donald Trump has won Pennsylvania, North Carolina and Georgia and taken a lead over Kamala…
Quincy Jones, the celebrated musician and producer who worked with Michael Jackson, Frank Sinatra, Ray…