Billionaire BR Shetty’s NMC Health Calls Short Seller Attack “Baseless”
- NMC to review Muddy Waters report, says claims seem unfounded
- Company to start a share buyback program on Wednesday
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NMC Health Plc said claims made by Carson Block’s Muddy Waters Capital LLC “appear principally unfounded,” after a report by the short seller sent shares tumbling the most on record on Tuesday.
“NMC will review the assertions, insinuations and accusations made in the report, which appear principally unfounded, baseless and misleading, containing many errors of fact, and will respond in detail in due course,” the company said in a statement Wednesday.