MSPEA-backed privatization of Yongye wins board approval
A $339 million management buyout offer for Yongye International, supported by Morgan Stanley Private Equity Asia (MSPEA), has won board approval. The US-listed Chinese animal and plant feed maker is now set to be taken private, pending a shareholder vote.
Abax Global Capital, part of the consortium when the original bid was submitted last October, is no longer involved in the deal. It has been replaced by another entity, Lead Rich International. Yongye's...
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