Insider trading probe launched at Numico
The financial sector watchdog AFM has begun an investigation into suspected insider trading at speciality food group Numico. The company announced it has received a takeover bid from France’s Danone after trading closed on Monday.
Just before midday on Monday, trading in Numico shares was halted pending an announcement. At that moment, Numico was 11.4% higher at €44.50.
‘The unusual trading pattern is reason to carry out further research,’ a spokeswoman told ANP.
After the stock exchange closed, Numico announced that Danone had made a €55 a share offer for the company.
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