PE consortium in $330m take-private bid for China's Yongye
Morgan Stanley Private Equity Asia (MSPEA) and Abax Global Capital are backing a $330 million bid by the chairman of Yongye International to take private the US-listed Chinese animal and plant feed maker.
The consortium, led by Chairman and CEO Zishen Wu, has offered to pay $6.60 apiece for all Yongye shares it doesn't already own. This represents a 38% premium on the company's October 12 closing price....
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