Perot employee charged with insider trading

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An employee of Perot Systems, which announced a $3.9bn takeover by Dell on Monday, was last night charged with insider trading by the stock market regulator.

Reza Saleh had heard about the imminent deal while working for two Perot-related companies and may have made $8.6m, it was alleged. The Securities and Exchange Commission was alerted because trading in Perot Systems options was 242 times larger than normal on the Friday before the announcement.