Monday, October 15, 2012, 3:48 PM
Chinese paper-packaging maker China Shengda Packaging Group (CPGI +26.4%) jumps after saying it's received an offer from Chairman Nengbin Fang to take the company private in a cash deal at $1.40 per share, valuing it at roughly $54.3M. Mr. Fang and his family currently own about 54% of the outstanding stock.
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