The problem with the ARU trading is there was not enough money involved. Did it go up .25 on 100,000 shs.? Regulators would not give this a 2nd glance. You need a price increase of $5.00 2 days before a takeover offer is made. This is the type of situation that is sometimes pursued although they would probably do a poor job of prosecution. Remember that if you are charged even though there is no conviction it will take years from your life, ruin your career & cost you a pile of money in lawyers fees. There are some consequences!!
Regards
Joltin