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Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of...
Yongye International (YONG) stock is higher Wednesday after the company agreed to a revised proposal to go private.
In trading on Wednesday, shares of Yongye International, Inc. crossed above their 200 day moving average of $6.10, changing hands as high as $6.86 per share.
Shares of Yongye (YONG) are gaining Wednesday on news of a raised offer from Full Alliance International.
Yongye International said Wednesday the $340 million buyout by chairman and CEO Zishen Wum and the Asian private equity arm of Morgan Stanley did not get the required vote of nonaffiliated shareholders at an adjourned special meeting.
In trading on Wednesday, shares of Yongye International, Inc. crossed below their 200 day moving average of $6.07, changing hands as low as $5.76 per share.
Yongye International (YONG) announced on Wednesday that its proposal to go private had not been approved by stockholders at a recent meeting.
Yongye International postponed the shareholder vote for its $340 million buyout by management and MSPEA Agriculture Holding Ltd. to provide more time to gain enough support for the deal.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Yongye International, Inc.