They rejected an offer of $2.5. Yesterday's report confirms the bidder is coming back for the same offer and most likely it will happen this time. So,it's an easy double, just hold your shared for now.
China looks to develop seed program to fend off foreign competition, WSJ says - China is looking to develop a domestic seed program to hold its own against foreign competitors including Monsanto (MON), DuPont (DD) and Syngenta (SYT), says the Wall Street Journal. State-backed seed company Hunan Xindaxin launched an unsolicited$60B bid for Origin Agritech (SEED), a seed developer that controls the rights to China?s first genetically modified corn, last year that was rejected, added the Wall Street Journal. According to the Wall Street Journal report, Hunan Xindaxin may be ready to launch another takeover attempt of Origin Agritech as china looks to fend off foreign competition