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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:

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

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:

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.
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