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Suspicious trading activity attracts scrutiny
A spike in call options for Heinz shares the day before the $23-billion acquisition by Berkshire Hathaway and 3G Capital was announced has resulted in the launch of an insider trading inquiry by the Securities and Exchange Commission, according to the New York Times.
Icahn hints at taking Herbalife private
After ramping up his stake in the company, Carl Icahn alluded to "strategic alternatives to enhance shareholder value", which could include a "recapitalization or a going-private transaction," according to a filing.
Meanwhile, Bill Ackman welcomes Icahn's bet.
Merger activity has roared back to life
After five years of sleepy M&A activity, mega-mergers are happening with increasing frequency.
It's still early, but some see it as a signal of a bull market.
(Jody White is the Web Editor for Streetwise.)
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