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Business News

FBI investigating recent movement on Heinz share options

The possibility of insider trading ahead of the announcement of Warren Buffett's $28bn (£18.1bn) deal to buy Heinz has now attracted the attention of the FBI, which is investigating the matter.

The Securities and Exchange Commission, the US market regulator, first raised the alarm last week, when it asked a New York court to freeze the assets of unknown traders based or operating using accounts located in Switzerland whom it suspected of trading on inside knowledge of the deal. Tonight, the FBI said it, too, was probing the trades in Heinz options.