The SEC reportedly is investigating a surge in trading of Heinz (HNZ) call options on Tuesday,...

|By:, SA News Editor

The SEC reportedly is investigating a surge in trading of Heinz (HNZ) call options on Tuesday, before news the company was being bought by Berkshire Hathaway (BRK.A) and 3G Capital for $28B, or $72.50 a share. A Heinz $65 call option expiring on June 22 apparently had a volume of 2,593 contracts on Wednesday vs. an average over the prior 20 days of 13. 3G's acquisition of Burger King in 2010 came under similar scrutiny.