Temenos Soars After Probe Rejects Hindenburg Allegations
- Chairman ‘hopeful’ can announce new CEO at May 7 AGM
- Activist investor Petrus calls on Temenos to sue short seller
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Temenos AG shares soared the most since 2008 after it said an independent examination found allegations made by short seller Hindenburg Research about the company to be “inaccurate and misleading.”
The review “clearly supports the board’s confidence in our products, the integrity of our accounting, credibility of our management and our ability to deliver services to our clients,” Chairman Thibault de Tersant said in a interview on Monday.