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Market Rumors: Cosan, Universal Terminal, Elliot Management

By Chelsea Naso (December 4, 2014, 5:24 PM EST) -- Brazil's Cosan SA Industria e Comercio, a conglomerate with bioethanol, sugar, energy and foods businesses, nixed plans to sell an unspecified amount of global, dollar-denominated bonds amid challenging market conditions for Brazilian debt issuers, Reuters reported Thursday, citing a source with direct knowledge of the transaction. Sao Paulo-based Cosan planned to use the offering to finance the repurchase of perpetual debt, the report said. Bank of America Merrill Lynch, Bradesco BBI, Itau BBA and Morgan Stanley & Co. were said to be handling the offering....

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