Shares in the China Minzhong Food Corporation, targeted last week by the California short-seller Glaucus Research Group, surged 112 percent after the company received a $576 million takeover offer from Indofood Sukses Makmur.
The Glaucus Research Group has accused the China Minzhong Food Corporation of fabricating sales and doctoring financial statements, leading to a 48 percent fall in Minzhong’s stock before trading was suspended on Monday.
The agency fined the Chicago Board Options Exchange and its affiliate $6 million in what was the first action related to an exchange’s responsibility to self-police its market.
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