The Motley Fool Discussion Boards

Previous Page

Motley Fool Global Gains / GGS: Yongye International

URL:  https://boards.fool.com/hogs-offer-accepted-30399822.aspx

Subject:  HOGS offer accepted Date:  11/26/2012  3:24 PM
Author:  wouter28 Number:  3532 of 4235

HOGS, who also has a go-private offer had a nice pop today with the announcement that the BOD accepted the CEO’s offer. The offer was announced on 3/27 and was brought up here on this board at that time:

http://boards.fool.com/good-news-hogs-buyout-offer-29938209....

8 months later and the offer being accepted caused a 16% spike today.

http://finance.yahoo.com/news/zhongpin-agrees-private-418m-d...

This one may have dragged out a little and I had less confidence that this would go through because the SEC filed insider trading charges shortly after the offer was announced:

http://blogs.ft.com/beyond-brics/2012/04/06/sec-targets-chin...

The offer originally caused a spike on 3/27 of 22% to 11.22, but the SEC charges helped bring the price back to around 9.5. I was tempted to buy it but I felt the SEC charges created some uncertainty. The deal is not yet final as shareholders need to vote, which explains the remaining 7.5% gap to the $13.50 offer price. However, given the BOD’s approval, I am pretty sure this deal will go through at 13.50 in the next 2-3 months. I expect a similar story to play out here with YONG.

Separately, congrats to those of us who picked up shares or call options of YONG around 11/16. The price now is pretty close to being back in the 5.4 – 5.6 range.
Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us