SINGAPORE (Aug 16): OCBC Investment Research on Monday says it is ceasing coverage on Olam International due to “severely reduced” trading liquidity.

The lower volume comes after Temasek unit Breedens Investment in March 2014 made a cash offer of $2.23 per share for Olam.

OCBC lead analyst Carey Wong says the offer was deemed fairly attractive then as the outlook for commodities remained muted.

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