Olam International Ltd., an agricultural commodities trader partly owned by Singapore’s Temasek Holdings Pte, plunged 21 percent after short seller Carson Block said he’s betting against the shares because he questions the company’s accounting methods.
SABMiller Sold in Principle to AB InBev for $106 Billion
09:00 - Anheuser-Busch InBev NV agreed to buy SABMiller Plc for almost 69 billion pounds ($106 billion) to clinch a record industry deal after several rejections, creating a brewer that will account for a third of all beer sales globally. The Budweiser maker will pay 44 pounds a share in cash for a majority of the shares in its nearest competitor, the companies said in a statement Tuesday, gaining brands such as Peroni and Grolsch and giving it control of about half the industry’s profit.
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