Muddy Waters mauls rumoured bid target NMC Health
Are you are wondering why FTSE 100-listed NMC Health's shares are down 20pc this morning? Well, it's because notorious short seller Muddy Waters has just released its first note on the gulf-based healthcare company.
Now, I'm not going to repeat the allegations from Muddy Waters - which hit the headlines earlier this year with its allegations about Burford Capital - here but obviously Carson Block's outfit hasn't been particularly complimentary.
What I would say, though, is the timing of Muddy Waters's attack is intriguing as since August the company has been the subject of persistent takeover speculation.
In fact, it was Reuters that first reported in August that two groups, including one from China, were (or are?) interested in buying a 40pc strategic stake in NMC Health. Below is the link:
Watching with interest...