RRJ to invest in Olam International – report
RRJ Capital has reportedly agreed to invest in Olam International, the commodities supplier that recently came under attack from short-seller research firm Muddy Waters. Olam, which has seen its stock slide about 18% since the allegations were first made in late November, had already announced plans to offer $750 million in bonds and up to $500 million in warrants.
According to Bloomberg, RRJ has acquired rights to $90 million of bonds and $60 million in warrants. The rights to the bonds were bought at around $0.07 apiece. The warrants issued with Olam's five-year,...
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