Casino Plunges as Carson Block Names Grocer as Latest ShortBy
Stock rose as much as 3.5 percent before Block's call
Rallye, also targeted by Block, reverses earlier gains too
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.
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