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Tuesday, 28 June 2016

Olam’s “Get Shorty” gambit is short-term fix

Heavy artillery

The commodities trader’s $1.2 bln bond-and-share issue, underwritten by major investor Temasek, eases funding concerns and squeezes short-sellers like critic Muddy Waters. But twisting shareholders’ arms to take part does little to ease the broader concerns about Olam’s business.

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