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Harbin Electric (HRBN) announces a buyout bid led by CEO Tianfu Yang. Yang and his affiliates...

Harbin Electric (HRBN) announces a buyout bid led by CEO Tianfu Yang. Yang and his affiliates are offering $24/share for the 68.9% of Harbin common stock that Yang doesn't already own. Harbin says it's considering the proposal. Shares +18.3% to $23.61. (PR)
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