HRBN is defunct.
  • Sep. 29, 2011, 5:20 PM

    Harbin Electric (HRBN), a Chinese maker of electric motors, is up 8.1% AH after stating it's begun mailing proxy materials regarding a vote to take the company private for $24/share in cash - a 25% premium to today's closing price. Harbin shares have been volatile thanks to fraud accusations and fears of the aforementioned deal not occurring.

    | Sep. 29, 2011, 5:20 PM | 1 Comment
  • Jul. 13, 2011, 9:56 AM

    Harbin Electric (HRBN) +6.6% at $18.59 after it files a preliminary merger proxy statement, increasing confidence in the CEO-led buyout of the Chinese motor company. However, shares are still short of the $24 offer as investors await details of the financing.

    | Jul. 13, 2011, 9:56 AM | 1 Comment
  • Jun. 20, 2011, 9:27 AM

    Harbin Electric (HRBN) +68.2% premarket after agreeing to be taken private by a group led by CEO Tianfu Yang in a deal that values the Chinese electric motor maker at $750M, or $24/share. Shares had fallen ~64% since an initial bid last October due to investor skepticism about the deal.

    | Jun. 20, 2011, 9:27 AM | 5 Comments
  • Jun. 10, 2011, 8:08 AM

    Harbin Electric (HRBN) re-affirms its 'going private at $24/share' proposal, including the receipt of an "executed copy of a Facility Agreement" between the acquirers and China Development Bank Corporation to provide a $400M term loan to finance the heavily-debated deal. (PR)

    | Jun. 10, 2011, 8:08 AM