NYT study finds 41% of firms receiving buyout bids in last year show 'abnormal and suspicious' trading before deals went public

08/26/2006 @ 12:05 pm

Filed by RAW STORY

A NY Times study finds that 41% of companies receiving buyout bids in the last twelve months show "abnormal and suspicious trading" before the deals became public.

"The boom in corporate mergers is creating concern that illicit trading ahead of deal announcements is becoming a systemic problem," writes Gretchen Morgenson for the Times.