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Insider trade on Splunk acquisition?

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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.208s | source
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sakex ◴[21 Sep 23 18:57 UTC] No.37602311[source]▶
Let's say you live in front of the Splunk office, and you see tens of people in suits, a limo with a CISCO sticker, as well as a lot of commotion on the office in front of you. You strongly suspect something is happening, you buy $22k of Splunk calls.

Is that insider trading?

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1. n2d4 ◴[22 Sep 23 00:18 UTC] No.37606267[source]▶
I'm not a lawyer, and I'm sure there's one that would make the argument that it is. But generally, hedge funds do very similar things to predict mergers: https://www.bloomberg.com/news/articles/2019-07-02/hedge-fun...