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SOURCE Yongye International, Inc.
Yongye International (YONG) stock is higher Wednesday after the company agreed to a revised proposal to go private.
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.
Yongye International (YONG) announced on Wednesday that its proposal to go private had not been approved by stockholders at a recent meeting.
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