Olam

Olam: JP Morgan sees a strong likelihood of share price correction post the expiry of the offer if control does not cross 90% to trigger a privatization, and/or if Olam remains a listed entity (e.g. MINZ SP: -26%, FNN SP: -17% post GO with listing status maintained). Offer expires tomorrow. Currently, the offeror holds an aggregate 69.2% of Olam JPM downgrade the stock to Neutral with TP of $2.00.