Credit derivatives traders could be profiting from insider information on transactions in the leveraged buyout and M&A sectors. That is the finding of a report published by American Credit Derivatives Research.
According to the research provider, credit default swap prices rose on bonds of 30 takeover targets before the transactions had been made public. This includes four out of the five largest leveraged buyouts in 2006.
In the report, the company highlights Freescale Semiconductor, Sara Lee Co
The week on Risk.net, July 7-13, 2018Receive this by email