Casino Plunges as Carson Block Names Grocer as Latest Short

  • Stock rose as much as 3.5 percent before Block's call
  • Rallye, also targeted by Block, reverses earlier gains too

Muddy Waters: Casino 'Secret Hiding in Plain Sight'

Carson Block is betting against Casino Guichard-Perrachon SA, saying the French supermarket operator is using “financial engineering” to mask a “sharply deteriorating core business.” The stock fell the most since October 2008, even after Casino said the allegations are misleading and erroneous.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.