Yuanxi Zhang
Long/short equity, value, special situations

ChinaEdu Go-Private Deal: Attractive Deal With A Decent Return Of 13.8 Annualized To April 2014

Recommendation: Long ChinaEdu (NASDAQ:CEDU) at $6.85

Target Price: $7.00

Thesis

The go-private deal of ChinaEdu is likely to close by the end of April 2014. Because of the significant ownership by the rollover shareholders and the absence of shareholder lawsuits, we do not expect any...

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