Why Yongye International (YONG) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Yongye International Inc.  (YONG) are higher by 2.35% to $6.97 on Wednesday after the agricultural chemical company agreed to a revised proposal to go private from $6.69 per share to $7.10.

"The amended transaction includes an increase in the maximum amount of the company's expenses in connection with the transactions contemplated by the Amended Merger Agreement reimbursable by Holdco and Parent under certain circumstances in which the Amended Merger Agreement is terminated from $2 million to $3 million," the company said.

The amended transaction also extends the termination date to September 22, 2014 from June 23, 2014.

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YONG Chart YONG data by YCharts

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