U.S. securities regulators on Friday sued unknown traders over suspected insider trading in H.J. Heinz Co call options ahead of the announced takeover of the company. The lawsuit said the options generated more than $1.7 million in unrealized profit before the ketchup maker on Thursday agreed to a $23 billion buyout by Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital Partners.The U.S. Securities and Exchange Commission also said it had won an emergency court order to freeze assets in a Zurich, Switzerland-based trading account used to reap the alleged trading profits.The lawsuit was filed in U.S. District Court in Manhattan.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.6% or $901.0/share to $150141.00. In the past year, the shares have traded as low as $117301.00 and as high as $149804.00. On average, 73114 shares of BRK-A exchange hands on a given day and today's volume is recorded at 546.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.56% or $0.56/share to $99.77. In the past year, the shares have traded as low as $78.18 and as high as $99.31. On average, 4470920 shares of BRK-B exchange hands on a given day and today's volume is recorded at 5137685.
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