Morgan Stanley supports Feihe International MBO bid
Morgan Stanley Private Equity Asia (MSPEA) has teamed up with the chairman and CEO of Feihe International to make a buyout offer for the US-listed Chinese company. The transaction values Feihe, a leading producer of infant formula and milk powder, at $146 million.
The chairman, You-Bin Leng, and an affiliate of Morgan Stanley Private Equity Asia III, a $1.48 billion fund, are willing to pay $7.40 per share for all outstanding shares not currently owned by Leng....
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