Olam International

[RBM]

For the holders of Olam's equity shares that may be the case CityFarmer ............. but it certainly is NOT the case for Olam's bond holders. The prices of Olam's debt paper, particularly the longer tenor paper, are way down as compared to where they were before Muddy Waters made their pitch.

Vested - in Olam Perpetual Bonds

It seems the saga is over, and life as usual...

Olam shares top level last reached before Carson Block attacked

Olam International, the commodity trader targeted by short-seller Carson Block, rebounded in Singapore, topping the price before the founder of Muddy Waters LLC said he was betting against the company.

The stock rose 1.5% to $1.745 at 9:13 a.m. local time. Shares of Singapore-based Olam, which rejected Block’s claims and sued for defamation, closed at S$1.74 on Nov. 19 before Block questioned the company’s accounts at a London conference.

The rebound shows returning confidence among investors after the shares slumped 20% following Block’s allegations in November. Olam, whose largest shareholder is Singapore’s state investment firm Temasek Holdings Pte, will in April present the results of a review of its businesses.

http://www.theedgesingapore.com/the-dail...acked.html