German finance watchdog Bafin investigates potential insider trading at Osram
Reuters
Published Jul 07, 2020 07:14AM ET
FRANKFURT (Reuters) - Germany's financial markets watchdog Bafin is investigating potential insider trading in Osram (DE:OSRn) shares prior to a statement of the German lighting group on July 3, 2019, it said on Tuesday.
Reuters had reported that day that Osram's supervisory board was to discuss a takeover offer from private equity firms Bain and Carlyle (O:CG). Osram confirmed the report hours later.
"We are investigating whether there has been insider trading in Osram stock prior to the July 3, 2019 announcement," a Bafin spokeswoman said.
Osram did not immediately have a comment.
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Written By: Reuters
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