UPDATE: Muddy Waters Issues Update on Focus Media (FMCN)
Get Alerts FMCN Hot Sheet
Join SI Premium – FREE
(Updated - January 24, 2013 3:03 PM EST)
Muddy Waters issues new report on Focus Media (Nasdaq: FMCN). Link
"For the record, we believe that Carlyle and the other sponsors’ investors will experience a significant loss on the FMCN transaction if consummated. Why would the transaction proceed in light of all of the issues? Carlyle has certainly had its problems in China, including China Agritech Inc. (OTC: CAGC) and China Forestry Holdings Inc. (0930.HK). In any event, some things cannot be explained – many asked the same question of HP’s acquisition of Autonomy."
Muddy Waters issues new report on Focus Media (Nasdaq: FMCN). Link
"For the record, we believe that Carlyle and the other sponsors’ investors will experience a significant loss on the FMCN transaction if consummated. Why would the transaction proceed in light of all of the issues? Carlyle has certainly had its problems in China, including China Agritech Inc. (OTC: CAGC) and China Forestry Holdings Inc. (0930.HK). In any event, some things cannot be explained – many asked the same question of HP’s acquisition of Autonomy."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Putin's Aide Says War In Ukraine Moving Toward An End - Vesti
- AI bubble about to burst? Not yet, Yardeni says
- SpaceX: deal to acquire FCC licenses related to 800 MHz spectrum expected to close in H1 of 2027
Create E-mail Alert Related Categories
Trader TalkRelated Entities
Muddy Waters LLCSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share