“The U.S. Securities and Exchange Commission is investigating a January 14 spike in trading in BlackBerry Ltd options that took place hours before Reuters reported that Samsung Electronics Co was in talks to buy the Canadian smartphone maker, according to a person familiar with the investigation,” Charles Levinson reports for Reuters.
“One trade the SEC is looking at took place at 12:06 p.m. on that day, when there was a purchase of options with the rights to buy 200,000 shares of BlackBerry stock at a strike price of $10 a share, the person said,” Levinson reports. “Later that afternoon, Reuters reported that Samsung had offered to buy BlackBerry for as much as $7.5 billion, valuing its stock at between $13.35 to $15.49 per share, a 38 percent to 60 percent premium over BlackBerry’s trading price at the time.”
“The SEC is investigating whether a source of information provided to Reuters bought Blackberry options, according to the person familiar with the investigation,” Levinson reports. “Both companies later denied they were in talks and BlackBerry’s shares tumbled. Reuters subsequently corrected its story to make clear that the discussions were between advisors rather than company officials. There is no indication that Reuters is a target of the investigation.”
Read more in the full article here.
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Involved or otherwise Reuters has be one a slum dog news operation in recent years rather than the fount of reliable news it used to be, Impact over accuracy seems to b thir new motto.
Crabapple’s judgement to spyintheskyuk’s comment: Oh! dear Oh! dear!. I hereby sentence you to a day at grammar and spelling 101 lessons!
World Wide Web, the Internet, these things are global in nature, and English is not.
“…judgement…”.
Should I even bother to inform you of the correct spelling?
Judg not lest ye be judg’d. Look about halfway down the page. Judgement is an acceptable variant. I spell it without the E, but it’s always looked weird to me.
http://www.merriam-webster.com/dictionary/judgement
Where was Hillary Clinton and what was she doing?!?
lol
Probably munching carpet somewhere, as usual.
What is wrong with munching carpets?
Now now. Let’s not go all homophobia propagandist. She has enough strikes against her to hopefully keep her out the PreZiDenTiaL ring.
This just in: The assholes at Google have screwed up a bunch of logins for YouTube on Apple TV .
Ha ! Samsung can’t even buy out a competitor without looking dumb 😴
Too bad the SEC doesn’t do jack about the manipulation of Apple. They are worthless, like so many government entities.