Olam Says It Couldn’t Agree on Terms for Brazilian Acquisition
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Dec 21, 2012
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