U.S. prosecutors charge 30 people in insider trading related to corporate mergers and acquisitions

robot
Abstract generation in progress

Mars Finance News, May 7 — The U.S. federal prosecutors announced on the 6th that they have charged 30 people suspected of participating in insider trading involving corporate mergers and acquisitions. They used merger-and-acquisition information obtained from Wall Street law firms to profit tens of millions of dollars. The merger-and-acquisition deals involved in the case announced by the U.S. federal prosecutors include: Synno Group’s $54 billion acquisition of Kuaiqiao Pharmacy; Anadarko Petroleum’s $55 billion acquisition of Western Oil; Johnson & Johnson’s $30 billion acquisition of Swiss biotech company Akotairong; Canadian Tianhao Coffee’s $11 billion acquisition of U.S. Burger King; and Amazon’s attempt in 2022 to acquire an American smart robotics company, which ultimately failed. Reportedly, nine defendants have pleaded guilty. Two defendants are located in Russia and Israel and have been considered fugitives. (Xinhua News Agency)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin