Muddy Waters issues open letter to Olam

It described Olam’s reaction as ‘disproportionate’.

A Bloomberg report said, “Carson Block’s Muddy Waters LLC intensified criticism of Olam International Ltd. as shares of the commodity trading firm rebounded after it said questions about its accounting methods were part of a concerted short- selling attack.”

An open letter by Muddy Waters stated, “Olam’s disproportionate reaction is extraordinary in our experience.”

View the report here.

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