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Reuters

Reuters

Pennsylvania man charged with insider trading related to CVS takeover

Reuters
Summary
Nutrition label

78% Informative

Carlos Sacanell , 58 , of Willow Grove , Pennsylvania , is charged with insider trading for using tips from his domestic partner to trade illegally ahead of CVS Health's $9.5 billion purchase last year of Oak Street Health .

Authorities say he generated $ 617,000 of trading profit in Oak Street stock and options after his partner, a senior Oak Street executive, shared material non-public information about the planned takeover.

CVS valued the transaction at $10.6 billion including debt.

VR Score

88

Informative language

94

Neutral language

49

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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