I'm not a lawyer, and I'm sure there's one that would make the argument that it is. But generally, hedge funds do very similar things to predict mergers: https:

I'm not a lawyer, and I'm sure there's one that would make the argument that it is. But generally, hedge funds do very similar things to predict mergers: https://www.bloomberg.com/news/articles/2019-07-02/hedge-funds-are-tracking-private-jets-to-find-the-next-megadeal https://www.bloomberg.com/news/articles/2019-07-02/hedge-fun...