Chicago Bridge & Iron Company N.V. (CBI) Message Board

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Gold/Mining/Energy : Chicago Bridge & Iron Company N.V. (CBI)

CBI 16.39

0.0%

May 11 4:00 PM EDT

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To: Glenn Petersen who wrote (33)

6/18/2014 12:37:43 PM

From: Savant

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CB&I Disagrees With Short-Seller Report

A report from a short seller recommending selling CB&I (CBI) stock led to unusual trading volume Tuesday the company said in a statement.

CB&I has reviewed the report and strongly disagrees with its assumptions and conclusions, it said.

"The report warns readers to assume that the short-selling firm and/or its affiliates hold short positions in CB&I common stock and that they stand to realize significant gains in the event that CB&I's stock price declines. CB&I believes that this conflict of interest should cause the report and its conclusions to be viewed skeptically," it said.

CB&I will publish its second-quarter results at the end of July and "is confirming today that it expects to report results within the ranges of its current guidance for the year," the statement said.

Write to realtimedesksingapore@wsj.com

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sold Oct $70 puts, $6.10....fwiw

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