Hedge Fund Probe Said to Focus on Health-Care Deals, WSJ Says

Some hedge funds under investigation in an insider-trading case invested in health-care companies that are also subjects of the probe, the Wall Street Journal reported, citing its own analysis.

The health-care stocks rose in price after mergers were announced, the Journal reported. It was unclear whether the stock purchases came before or after the deals were made public, the Journal reported.

To contact the editor responsible for this story: Mike Millard at mmillard2@bloomberg.net

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