Share this Story: Bill Ackman calls short seller report that has wiped $51 billion off Adani 'highly credible' [Financial Post (Toronto, Ontario, Canada)]
Herbalife Ltd. Common Shares (HLF)
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Source: Financial Post
Conglomerate run by Asia's richest man struggles to contain the fallout Author of the article: Pershing Square's Bill Ackman found the Hindenburg Research's report on Adani Group companies “highly credible and extremely well researched,” he said in a Twitter post, less than two days after the American short seller's swipe at the Indian conglomerate shaved US$12 billion off its market value. The selloff in Gautam Adani's corporate empire accelerated on Friday, erasing more than US$51 billion of market value in two sessions as Asia's richest man struggles to contain the fallout from the scathing report. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of FP Investor will soon be in your inbox. We encountered an issue signing you up. Please try again “Adani's response to Hindenburg Research is the same as Herbalife's response to our original 350-page presentation,” Ackman said, referring to his ill-fated short-selling campai
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