(Reuters) - NEW YORK, July 26 - U.S. regulators on Thursday
charged the former chief executive of an Italian construction
company and his wife with insider trading in Elsag Bailey
Process Automation NV just days before a cash offer for the
company was announced in 1998.
The U.S. Securities and Exchange Commission accused Alberto
Lina, the former CEO of Italian construction company Impregilo
IPGI.MI>, and his wife, Serenella Lina, of illegal insider
trading in shares of Elsag, a Dutch company then traded in New
York, ahead of the announced $2.1 billion cash offer for the
company by Swedish-Swiss electrical engineering group ABB Asea
Brown Boveri Ltd., now known as ABB .
Read more at Reuters.com Government Filings News
charged the former chief executive of an Italian construction
company and his wife with insider trading in Elsag Bailey
Process Automation NV just days before a cash offer for the
company was announced in 1998.
The U.S. Securities and Exchange Commission accused Alberto
Lina, the former CEO of Italian construction company Impregilo
IPGI.MI>, and his wife, Serenella Lina, of illegal insider
trading in shares of Elsag, a Dutch company then traded in New
York, ahead of the announced $2.1 billion cash offer for the
company by Swedish-Swiss electrical engineering group ABB Asea
Brown Boveri Ltd., now known as ABB .
Read more at Reuters.com Government Filings News
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