Tongjitang Chinese Medicines: CEO Buyout Offer Blunts Effect of Disappointing Report
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
March 11, 2008|
[Update below] Tongjitang Chinese Medicines Company (TCM)
received a buyout offer from its Chairman and CEO, Mr. Xiaochun Wang,
for $10.20 per ADS, a 55% premium to its closing price on Friday of
$6.60 per ADS.
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