Extended Go-Shop Ends For Zhongpin's $503M CEO Buyout

Law360, New York (February 8, 2013, 7:03 PM EST) -- After wrangling three extra weeks from its would-be buyer and hiring two new investment banks, Chinese pork producer Zhongpin Inc.'s go-shop period came up empty Friday, paving the way for a planned $503 million management buyout.

After 11 months, three financial advisers to the company's special committee, two shareholder lawsuits, an insider trading investigation and an extension of a go-shop that was already 60 days long, the deal is right back where it started: a $13.50 per-share deal to sell the company to its chief executive...
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