Shares of ShangPharma (SHP) move up 15.1% premarket after the firm receives a "going private"...

|About: ShangPharma Corporation (SHP)|By:, SA News Editor

Shares of ShangPharma (SHP) move up 15.1% premarket after the firm receives a "going private" buyout offer from a group of private investors at $8.50-$9.50 per ADS. The company says that it's forming a special committee to study the offer.