View Full Version : Big Sony options action before Loeb stake raises eyebrows

Tech Bot
15th May 2013, 02:10 ( Doris Frankel (Reuters) - A surge in option market bets on Sony Corp just before a large hedge fund investor announced a big stake and called for a major restructuring of the company has raised concerns that some traders may have had advance word of the news. U.S.-listed shares of Sony Corp jumped 9.9 percent to close at $20.76 after Daniel Loeb's Third Point hedge fund said on Tuesday it accumulated more than 6 percent of Sony's shares - a stake worth $1.1 billion - making it the largest shareholder in Japan's biggest electronics company. ...

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