Fertilizer Co.'s Board Approves $339M Take-Private Deal

Law360, New York (September 30, 2013, 1:17 PM ET) -- The board of Yongye International Inc. has approved a $339 million buyout of the Chinese fertilizer maker by a group of investors including its CEO and an affiliate fund of Morgan Stanley Private Equity Asia, Yongye announced Monday.

Yongye said that the board has thrown its support behind the take-private offer, which would give stockholders $6.69 per share. The buying group includes the MSPEA fund, Yongye Chairman and CEO Zishen Wu and leading shareholder Full Alliance International Ltd., which owns 15 percent of Yongye stock....
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