NEW YORK ( TheStreet) -- Shares of China Security and Surveillance (CSR) soared by as much as 25% Tuesday on frantic volume after its founder and CEO reiterated his desire to take the company private, this time naming a price of $6.50 a share.In a letter sent to the company's board, Chief Executive Guoshen Tu said the deal would be a combination of equity and debt, and that he has conducted "preliminary discussions with potential sources of debt financings."
China Security Soars as CEO Talks Up LBO
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.