Tuesday, April 07, 2009 11:06:45 AM
DJ reports CZZ is up 18% this morning after the co apparently lost a bid to acquire a controlling stake in troubled sugar and ethanol giant SantelisaVale; SantelisaVale is likely to be bought by France's Louis Dreyfus Commodities. Analysts were concerned that a highly leveraged buyout of SantelisaVale might leave Cosan in a weakened position.
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