Chinese Plant Feed Maker Draws $334M Buyout Offer

Law360, New York (October 15, 2012, 6:52 PM EDT) -- Yongye International Inc. has received a $334 million, $6.60-per-share takeover offer from an investor group that includes Yongye CEO Zishen Wu and an affiliate fund of Morgan Stanley Private Equity Asia that would take the animal and plant feed company private, Yongye announced Monday.

Wu, MSPAE, Full Alliance International Ltd. and Abax Global Capital Ltd. offered to buy all of Yongye's outstanding stock that they don't currently own in a transaction that they say values the company at a 37.8 percent premium over its Oct. 12 closing...
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