Short Seller Who Targeted Valeant Aims at Education Firm Adtalem
- Safkhet Capital released report on Adtalem Global on Tuesday
- Adtalem CEO says parts of report ‘inaccurate’ and ‘misleading’
Fahmi Quadir
Photographer: Bridget Bennett/BloombergThis article is for subscribers only.
Adtalem Global Education Inc. shares slumped in regular trading Tuesday after Safkhet Capital Management LLC said it’s betting against the for-profit education company.
Speaking in a conference call after the market closed, Stephen Beard, Adtalem’s president and chief executive officer, said the report included statements that were “inaccurate” and “misleading,” and said the business was “strong” and “healthy.”