Tuesday, March 27, 2012

Stock Alert - Chinese meat/food processor Zhongpin (HOGS +29.2%) soars to $11.90 after its chairman/CEO offers to take the company private a price of $13.50/share. - 3/27/12

Chinese meat/food processor Zhongpin (HOGS +29.2%) soars to $11.90 after its chairman/CEO offers to take the company private a price of $13.50/share. The offer represents the latest attempt by one or more insiders at a Chinese firm with U.S. ADRs to buy back part or all of their company  after seeing U.S. investors worried about the company's accounting grant it a low valuation

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