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WSP Holdings going-private deal terminated; -19.4%

  • Originally announced in February 2013, the deal to take the company private for $3 per share had been extended more than once, but the involved parties have agreed to walk away.
  • Source: Press Release
  • WH -19.4% premarket to $1.70.
Comments (1)
  • SivBum
    , contributor
    Comments (2238) | Send Message
     
    This is a real shame. Made a bit of money with a quick trade back when and commented on 9 Aug 2013, 03:39 to Charles Zhang article on YONG:

     

    You commented Dell's worth is north of $28 per share. Dell's initial offer was $13.65 and now raised to $13.75 plus 13c dividend. That's not much of a bump despite of your $28 min. evaluation and Icahn's $15 leverage buyout offer.

     

    With a Chinese company, anything can happen. Yesterday, WH crashed 50% from a pretty certain buyout deal of $3.20. And let's don't forget failed CEO buyouts from TBET past year to CADC of late.

     

    Point is if Yong is worth $28, Morgan Stanley or others would fall over each other to enter competitive bids. That's Chinese ADR for investors.
    9 Aug 2013, 03:39 PMReply! Report AbuseLike0
    Charles Zhang
    , contributor
    Comments (121)
    30 May 2014, 09:08 AM Reply Like
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