Olam Says It Couldn’t Agree on Terms for Brazilian Acquisition

Olam Ltd., the commodities trader targeted by short seller Carson Block, said it wasn’t able to complete its proposed acquisition of Brazilian sugar-mill operator Usina Acucareira Passos SA.

Olam and the Brazilian company couldn’t agree on the final closing terms and conditions of the deal, Olam said today in a statement.

To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

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