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The Boston Globe

Business

Investigation into Heinz trades extends to London

NEW YORK — Regulators have escalated an investigation into suspicious trades placed ahead of the $23 billion takeover of H.J. Heinz Co., focusing on a complex derivatives bet routed through London, according to two people briefed on the matter.

The development builds on a recent regulatory action on a Goldman Sachs account in Switzerland that bought Heinz options contracts. It also comes a week after the FBI said it opened a criminal inquiry.

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