You are right, I didn't know that ... just as I didn't know before the HALT, how it traded since Monday ... I would be rich beyond my dreams if I knew.
When the stock was removed from trading, it fell into the delisted category, not because of hanky panky.
Yong's SC has a lot of time to vet the books and weigh in before their recommendation.
They are done.
Just like YONG is about to ... and throw in another heavy weight like Morgan Stanley.Place your bets:
Update on Proposed Go Private Offer
The Company also announced that (i) Mr. Zishen Wu, the Company's Chairman and Chief Executive Officer, (ii) Full Alliance International Limited, (iii) MSPEA Agriculture Holding Limited, and (iv) Abax Global Capital (Hong Kong) Limited, on behalf of funds managed and/or advised by it and its nominee entities and its and their affiliates, have confirmed with the special committee ("Special Committee") of the board of directors of the Company that they remain interested in pursuing the proposed going private transaction described in the proposal letter delivered to the board of directors on October 15, 2012
#$%$shi Copperweld, Inc. (Nasdaq: FSIN) has entered into an Agreement and Plan of Merger (the "Merger Agreement") with entities affiliated with its Chairman and Co-Chief Executive Officer, Mr. Li #$%$, and Abax Global Capital (Hong Kong) Limited ("Abax"), at a price of $9.50 per share in cash.
Under the terms of the Merger Agreement, each share of the Company's common stock that is issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive $9.50 in cash without interest, except for shares owned by Mr. #$%$, Abax and their respective affiliates, who currently beneficially own an aggregate of approximately 29.4% of the Company's outstanding shares.
HOGS is still on going though closing soon.
HRBN began in June 2010 and closed on Nov 1, 2011:
from 31 Oct 2011S
The process had its beginnings in July of 2010 when Harbin's Chairman and largest shareholder, Tianfu Yang was introduced to Baring Private Equity to discuss a potential management buyout. Following these discussions, Yang and Baring decided to pursue the buyout and formulated a $24/share proposal which they provided to the board on October 10th.
After receiving the proposal, Harbin's board formed a special committee to consider the proposal and began to select advisors. On November 12th, Baring withdrew from the deal, bringing into question whether or not Yang would be able to proceed with the buyout with or without another partner. From November to January, Yang sought various financial and strategic partners for the buyout.
In the course of the process a number of proposals were received including a formal proposal to acquire Harbin for $24/share. As the buyout selection process continued through April, Abax emerged as Yang's preferred partner and it became clear that any buyer consortium would have to include Abax. Accordingly, several other potential bidders dropped out of the process. On April 19th, Harbin's special committee received a proposal from Yang and Abax to acquire the shares of company they did not already own for $24/share.
On June 9th, Yang and Abax received a loan commitment from CDB to finance the buyout. Shortly thereafter on June 19th, the Special committee voted in favor of the Yang/Abax proposal and executed the merger agreement. Following the execution of the merger agreement, over the course of the next few months Harbin continued to work towards the shareholder vote and ultimate closing.
Despite the progress and the advancement of the proxy filings with the SEC, Harbin shares continued to be challenged by doubts created by accounting irregularities and other accusations right up until the very last days. Few of these issu
I think it is a big player placing large orders on both sides to trap sellers at $5.00 ... soon, it'll be over and volatility will return to the upside. Just mho.
HOGS were under short attack for years and they tried defending themselves in the media, threatened to sue the shorts, share buy backs and finally going private.
It was halted on 3/18 pre-market. For what it is worth ...
Yongye International Notches 52-Week Low, Shares Resume Trade After Three-Month Halt 06/17 12:24 PM
03:24 PM EDT, 06/17/2013 (MidnightTrader) -- Yongye International (YONG:$5.05,00$-0.27,00-5.08%) is down 8.3% in afternoon trade, marking a 52-week low at $4.83 after the company's stock, which was halted on March 18, resumed trade this pre-market morning. The company's shares were halted as it delayed its annual report for 2012, saying it had delays related to accounts receivable and related allowance for doubtful accounts. The company has been working with NASDAQ on getting pertinent information on its finances.
Ignore the shorts. KPMG signed off the 10K. Morgan Stanley filed SEC doc to show share ownership and declared that rumor of indicted MS member was untrue. Buyout partners did the same.
Closed at $5.05 on a single transaction though tens of thousands of shares traded at $5.10 immediate prior to that low ball sale by the market maker.
Posted on October 15, 2012 by Editor
With news of a proposed sale of Yongye International, Inc. (NASDAQ: YONG) to a consortium led by its Chairman and Chief Executive Officer, Mr. Zishen Wu shares of the Chinese plant and animal feed maker spiked to a high of 5.88 on Monday, just 0.02 off of its 52-week high, and well above its 50-day moving average of 4.30 and their 200-day moving average of 3.66. Along with a surge in their share price YONG has seen trading volume top the 3.6 million mark late in the day’s session.
As part of the “going private” proposal letter from Zishen Wu, Full Alliance International Limited, MSPEA Agriculture Holding Limited, and Abax Global Capital (Hong Kong) Limited an acquisition vehicle will be formed for the purpose of completing the acquisition at a purchase price of $6.60 per share of common stock in cash, making the deal worth about $334 million.
Yong's last SEC/NAS news was May 17 when SC13A/A were filed by Morgan Stanley and release of letter that buyout debt financing would continue.
Why take so freaking long?
Yep, pork is a favorite for both parties. They all beach and moan about deficit but keep on adding to the pile and stuffing more money to FAA, Military while slashing education and healthcare.