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Stock Market & Financial Investment News

News Breaks
February 15, 2013
16:38 EDTHNZSEC freezes assets in Swiss account related to trading ahead of Heinz deal
The Securities and Exchange Commission obtained an emergency court order to freeze assets in a Zurich, Switzerland-based trading account that was used to reap more than $1.7M from trading in advance of yesterdayís public announcement about the acquisition of H.J. Heinz Company (HNZ). In a complaint filed in federal court in Manhattan, the SEC alleges that prior to any public awareness that Berkshire Hathaway and 3G Capital had agreed to acquire H.J. Heinz in a deal valued at $28B, unknown traders took risky bets that Heinzís stock price would increase. The traders purchased call options the very day before the public announcement. After the announcement, Heinzís stock rose nearly 20% and trading volume increased more than 1,700% from the prior day, placing these traders in a position to profit substantially. The SEC alleges that the unknown traders were in possession of material nonpublic information about the impending acquisition when they purchased out-of-the-money Heinz call options the day before the announcement. Reference Link
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January 26, 2016
07:36 EDTHNZMondelez shares should be bought at current levels, says Bernstein
Bernstein says it sees "clear catalysts" that could boost Mondolez's (MDLZ) top and bottom lines. The firm says that the company's margins could expand more than expected in the near-term and reach about 20% by 2020, partly due to product rationalization, an upgrade of its manufacturing base and headcount reductions. The firm thinks the company could combine with PepsiCo (PEP) or be acquired by Kraft-Heinz (HNZ) in 2017. Bernstein identifies the stock as a top pick for 2016.

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