Astute stock picking or insider trading?
Jury is still out on why SGX stock prices move before M&A deals are made public
Singapore
THE MARKET has been able to anticipate some of the year's biggest deals, although the quality of that anticipation is spotty, according to an analysis by The Business Times.
Besides possible leakage of deal information, the stronger-than-expected price movements could also be due to a brisk year for mergers and acquisitions (M&A), which has in turn primed investors to speculate on the next target, market observers said.
The analysis looked at the 20 largest announced M&A deals that targeted Sing…
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