Chinese Fertilizer Co. Yongye Inks $339M Go-Private Deal

Law360, New York (September 23, 2013, 1:12 PM EDT) -- Yongye International Inc. on Monday inked a $339 million deal to go private, nearly one year after the Chinese fertilizer company said a group of investors including its CEO and an affiliate fund of Morgan Stanley Private Equity Asia offered to buy up its outstanding stock.

The takeover slightly sweetens the bid announced in October, offering $6.69 per share in cash, compared to the $6.60 per-share bid previously detailed. The new price represents a 40 percent premium on the company’s closing price on Oct. 12, the last...
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