Short-seller Carson Block’s charge that Olam International Ltd. will fail, his first attack on a Singapore company, is a victory for shareholders after it made the commodity trader more responsive to investors.
Eresearch Technology Inc. increased the size of a term loan and Chinese advertising company Focus Media Holding Ltd. received commitments for its borrowing as investors pour money into funds that buy floating-rate debt on concern that interest rates may rise.
Muddy Waters LLC, whose analyst reports triggered $7 billion in losses for Chinese stocks, used an unlikely secret weapon for its research: the public website of the U.S. Securities and Exchange Commission.
Focus Media Holding Ltd., a Chinese advertising company, agreed to be bought by a consortium of investors led by Carlyle Group LP in a $3.7 billion deal that will be the country’s largest leveraged buyout.
New Oriental Education & Technology Group Inc. rose the most since July in New York as a buyout offer for Chinese tutoring firm Ambow Education Holding Ltd. fueled speculation the bigger company may also be targeted.