Chinese Meat Processor Strikes $503M Go-Private Deal

Law360, New York (November 26, 2012, 5:35 PM EST) -- Chinese pork processor Zhongpin Inc. has agreed to go private in a sale to a buyer group including its CEO and investment firm Golden Bridge Holdings Ltd. that values the company at roughly $503 million, it said Monday.

Chairman and CEO Xianfu Zhu and his co-investors will pay shareholders $13.50 for each of their units, a 47 percent premium over Zhongpin's closing price the late March day before it announced it had received the buyout proposal.

The buyers plan to back their buy using a combination...
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