Reuters way ahead of rivals in reporting Singapore commodities trader Olam’s share placement.

Reuters was nearly an hour ahead of both Bloomberg and Dow Jones on June 6 with news of Singapore commodities firm Olam International`s $602 million placement of new shares. The share sale, at a discount of over 8 percent to the last traded price, involved secretive Singapore state investor Temasek, which had agreed to subscribe for about one-third of the new shares and raise its stake in the commodities firm to 16.3 pct from 13 pct. Shares of Olam, which owns plantations as well as trades commodities, duly slumped 6 percent after resuming trading following a stock trading suspension.