Harbin Electric (HRBN) shareholders yesterday approved the company's $24/share offer to go...


Harbin Electric (HRBN) shareholders yesterday approved the company's $24/share offer to go private via a merger with Tech Full Electric, ending a year-long struggle amid fraud allegations from a short seller. The share closed at $22.55 on Friday. U.S.-based VP Christy Shue gets an exit package worth nearly $2.3M. (PR)

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Comments (8)
  • MonsieurMoneyBags
    , contributor
    Comments (97) | Send Message
     
    Guess those Citron idiots really have a shit rep now, Cant imagine the legions of idiots who tried to short this stock with puts - what a bunch of suckers
    30 Oct 2011, 03:31 PM Reply Like
  • Adam Gefvert, CFA
    , contributor
    Comments (1448) | Send Message
     
    Yes, it does appear the deal is going through. Surprising.
    30 Oct 2011, 06:34 PM Reply Like
  • joro_ianev
    , contributor
    Comments (401) | Send Message
     
    Hmm, isn't it premature to be running the victory lap? What did this vote really change? Has money changed hands? Save tne dance and the shampaigne for then.
    30 Oct 2011, 08:45 PM Reply Like
  • SivBum
    , contributor
    Comments (2767) | Send Message
     
    joro,

     

    Still hoping and wishing for the tooth fairy and Santa Clause coming to rescue your short? Give yourself a break and cover them.
    30 Oct 2011, 09:25 PM Reply Like
  • MonsieurMoneyBags
    , contributor
    Comments (97) | Send Message
     
    Lol "Shampaigne" he really must be stupid enough to go short, please learn English before you start using our financial instruments.
    30 Oct 2011, 10:52 PM Reply Like
  • davidtab
    , contributor
    Comments (3) | Send Message
     
    It is a French word though...
    31 Oct 2011, 06:31 AM Reply Like
  • joro_ianev
    , contributor
    Comments (401) | Send Message
     
    SivBum,

     

    Hope and wish should be something you arm yourself with. In this long 'take private' transaction the one thing in plentiful supply are words and empty gestures -- like the vote. The thing in short supply? Money. Don't get distracted with the lips, watch the hips. Ring me up when the transaction gets funded.
    31 Oct 2011, 08:36 AM Reply Like
  • Margin and Safety
    , contributor
    Comments (21) | Send Message
     
    Joro,

     

    LOL. You're obviously short brains as well as the shares that you might as well cover

     

    Words and empty gestures? How about the millions of dollars spent on advisors, proxy services, etc

     

    Come back from imagination land. Deal closes this week (confirmed by HRBN IR) and funds come right to my account from CDB/Abax. Just like CSR... bank on it
    31 Oct 2011, 02:48 PM Reply Like
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