Seeking Alpha

Fertilizer maker Yongye finalizes going-private deal

  • Yongye International (YONG +4.7%) agrees to be taken private in a deal that values the Chinese fertilizer company at ~$339M.
  • Full Alliance International and its affiliates will buy all the shares they don’t already own for $6.69 each in cash, a 40% premium to YONG’s closing price on Oct. 12, 2012, the last trading day prior to its announcement of the receipt of a going-private proposal, and an 11.9% premium to its Friday close.
Comments (2)
  • SivBum
    , contributor
    Comments (1574) | Send Message
     
    Been a scary journey for shareholders. Uncertainty in fraudulent books as accused by a SA blogger. Then there was a delay in annual report filing. Next came the prolonged trading HALT even after filing the 10Q. Stock report under $5 and stuck in the low $5s even after 8K SEC filing. Finally, another Chinese ADR is about to prove to the world that not all are frauds like RINO and SNOFF.
    23 Sep 2013, 11:01 AM Reply Like
  • 125436
    , contributor
    Comments (4) | Send Message
     
    Voting NO. Joining lawsuit.
    23 Sep 2013, 12:44 PM Reply Like
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