UK Says Suspicious Pre-Deal Trading Fell To 15% Last Year

Law360, New York (July 10, 2013, 1:50 PM EDT) -- Abnormal share price movements prior to takeover announcements have fallen for the third straight year in the U.K., showing up in only 14.9 percent of deal notices, the U.K.’s Financial Conduct Authority reported Wednesday, a possible sign of decreased insider trading.

The most recent fall in suspicious pre-deal share price movement in the 12-month period ending on March 31 is down from 19.8 percent in 2011 and 21.2 percent in 2010, according to the final annual report of the FCA’s predecessor, the Financial Services Authority....
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