UPDATE 1-SEC sues unknown buyers of Martek securities

* Bought call options shortly before deal news-SEC

* Martek to be acquired by DSM for $1.1 billion

SAN FRANCISCO, Dec 22 (BestGrowthStock) – U.S. regulators sued
“unknown purchasers” of Martek Biosciences Corp (MATK.O: )
securities for trading activity shortly before news of Martek’s
acquisition by DSM (DSMN.AS: ) became public this week.

In a lawsuit filed on Wednesday, the U.S. Securities and
Exchange Commission alleged the unknown purchasers sold call
options on Tuesday, the same day vitamins maker DSM announced
it would buy baby ingredients company Martek for $1.1 billion.

The purchasers acquired the options between Dec 10-15,
putting them in a position to realize total profits of
approximately $1.2 million from their sale.

Representatives for Martek and DSM were not immediately
available for comment. Neither company was named as a defendant
in the lawsuit.
(Reporting by Dan Levine; Editing by Tim Dobbyn)

UPDATE 1-SEC sues unknown buyers of Martek securities