bia06
Listen other's viewpoint avoid conflicts & wars.
Azz,......la saga continua....non bello.....
CASINO/RALLYE: Rallye violated an exchange rule by changing its accounting methods in recent years to inflate the value of its stake in Casino Guichard-Perrachon and maintain access to credit markets, according to a lawyer representing a group of hedge funds betting against the company. Sophie Vermeille, a board member of Paris-based think tank Droit et Croissance, wrote a letter to the French auditing regulator on Monday detailing the changes that she said allowed Rallye to value its 51 percent stake in Casino at more than double the market price. It fleshed out arguments she made in a separate letter last week. A Rallye spokesman reiterated his response to those claims, saying that the company “strongly refutes the allegations” and has used the same accounting standards since 1992. “This appears to be an attempt to manipulate the market on behalf of her hedge fund clients and is a repeat her previous approach, using the same accusations, which has already been referred by Rallye” to the stock market regulator, he said on Tuesday. (Bloomberg)
CASINO/RALLYE: Rallye violated an exchange rule by changing its accounting methods in recent years to inflate the value of its stake in Casino Guichard-Perrachon and maintain access to credit markets, according to a lawyer representing a group of hedge funds betting against the company. Sophie Vermeille, a board member of Paris-based think tank Droit et Croissance, wrote a letter to the French auditing regulator on Monday detailing the changes that she said allowed Rallye to value its 51 percent stake in Casino at more than double the market price. It fleshed out arguments she made in a separate letter last week. A Rallye spokesman reiterated his response to those claims, saying that the company “strongly refutes the allegations” and has used the same accounting standards since 1992. “This appears to be an attempt to manipulate the market on behalf of her hedge fund clients and is a repeat her previous approach, using the same accusations, which has already been referred by Rallye” to the stock market regulator, he said on Tuesday. (Bloomberg)