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Rhodia’s Stock Price Falls on Rumors

10:25 AM MDT | July 31, 2007 | Chemical Week Editorial Staff

Clamadieu: Rumors are ‘unfounded.’ Rhodia’s stock price fell almost 14% in morning trading on June 7, and rebounded to €2.79/share at the close of day on June 8. The company says it cannot explain why the price fell so sharply. Rhodia says it has requested the AMF, the French stock exchange regulator, to investigate the price movement in its shares and why its stock traded at significant volumes. Rumors of a profit warning and of negative carbon emission reports may have pushed the share price down, media reports say. The pending ruling on...

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