Feihe International (ADY +8%) jets higher after the company receives a $7.40-a-share going...

|About: Feihe International, Inc. (ADY)|By:, SA News Editor

Feihe International (ADY +8%) jets higher after the company receives a $7.40-a-share going private offer from CEO You-Bin Leng in tandem with a Morgan Stanley affiliate. The investors propose buying the company through an acquisition vehicle to be financed from cash and debt.