Braskem: Fade The M&A Optimism (NYSE:BAK)

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Braskem’s (NYSE:BAK) inventory popped earlier this month following a fabric reality disclosure that its controlling shareholder Novonor (previously Odebrecht) had obtained a non-binding proposal from the state-owned Abu Dhabi Nationwide Oil Firm (Adnoc) to amass a 100% stakereluctance to interactPBR

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