From Bloomberg: Olam International Ltd. (OLAM)’s planned $1.25 billion
raising will only postpone the likely collapse of the commodity trader,
according to Muddy Waters LLC, the research firm led by short-seller Carson
Block.
The sale of a record $750 million in bonds and as much as
$500 million of warrants announced yesterday “validates our thesis that Olam is
in danger of failing,” Muddy Waters said today in a response to the raising
that’s backed by Temasek Holdings Pte, Singapore’s state investment company.
Olam, the world’s second-largest rice trader, and Muddy
Waters have engaged in a public war of words since Block, a 36- year-old former
lawyer, said last month said he was selling Olam shares short….
No comments:
Post a Comment