Buy Out Angebot für 24$ -Kurs am 10.06.- 16,40$

Es gibt ein Intressantes Angebot - wir sollten uns dann wohl die nächsten Tage in diese Kurs Region bewegen--------

10.06.2011

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PR Newswire · Mehr Nachrichten von PR Newswire · Archiv
Harbin Electric, Inc. Announces Reaffirmation of 'Going Private' Proposal at $24.00 Per Share and Receipt of Financing Agreement With China Development Bank

HARBIN, China, June 10, 2011 /PRNewswire-Asia-FirstCall/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company") (NASDAQ: HRBN) today announced that its Board of Directors has received a letter from its Chairman and Chief Executive Officer, Mr. Tianfu Yang ("Mr. Yang"), and Abax Global Capital ("Abax") reaffirming their proposal to acquire all of the outstanding shares of Common Stock of Harbin Electric not currently owned by Mr. Yang, Abax and their respective affiliates in a going private transaction for $24.00 per share in cash. Â Mr. Yang, Abax and their respective affiliates collectively own approximately 40.72% of Harbin Electric''s Common Stock. Â In addition, Harbin Electric today announced that its Board of Directors has received from Mr. Yang and Abax an executed copy of a Facility Agreement between Tech Full Electric Company Limited ("Tech Full"), the acquisition vehicle formed for use in connection with the proposed acquisition and going private transaction, and China Development Bank Corporation Hong Kong Branch ("CDB"), pursuant to which CDB has agreed to provide to Tech Full a $400 million term loan to fund Tech Full''s proposed purchase of all of the outstanding shares of Common Stock of Harbin Electric not currently owned by Mr. Yang, Abax and their respective affiliates, subject to certain conditions. Â

Harbin Electric''s Board of Directors has formed a special committee of independent directors consisting of David Gatton, Boyd Plowman and Ching Chuen Chan (the "Special Committee") to consider and evaluate this proposal. Â Although no decisions have yet been made by the Special Committee with respect to this proposal, the Special Committee is continuing its work with the assistance of its financial and legal advisors. There can be no assurance that any definitive agreement will be executed with respect to this proposal or that this or any other transaction will be approved or consummated.  

http://www.citronresearch.com/index.php/2011/06/...-docs-to-prove-it/  

Harbin Electric Enters Into Merger Agreement to Be Acquired for $24.00 per Share in Cash

HARBIN, China, June 20, 2011 /PRNewswire-Asia/ -- Harbin Electric, Inc. ("Harbin Electric" or the "Company"; NASDAQ: HRBN) Â today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") with Tech Full Electric Company Limited ("Parent"), a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, the Company''s Chairman and Chief Executive Officer, and Tech Full Electric Acquisition, Inc. ("Merger Sub"), a Nevada corporation wholly owned by Parent.

Under the terms of the Merger Agreement, each of the Company''s shares (the "Shares") of common stock issued and outstanding immediately prior to the effective time of the merger will be converted into the right to receive $24.00 in cash without interest, except for Shares owned by Parent and Merger Sub (including shares to be contributed to Parent by Mr. Tianfu Yang, affiliates of Abax Global Capital ("Abax") and certain of the Company''s employees and officers (collectively, the "Purchasing Group") prior to the effective time of the merger pursuant to a contribution agreement between Parent, each member of the Purchasing Group and Tianfu Investments Limited ("Tianfu Investments"), a Cayman Islands company directly owning 100% of the equity interest in  Parent).  Collectively, the Purchasing Group beneficially owns approximately 40.6% of the outstanding Shares.

The Company''s Board of Directors, acting upon the unanimous recommendation of a special committee of the Board of Directors comprised of solely independent and disinterested directors (the "Special Committee") approved and adopted the Merger Agreement and recommended that the Company''s shareholders vote to approve the Merger Agreement. Â The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors, Morgan Stanley & Co. Incorporated and Lazard Freres & Co. LLC, and Gibson Dunn & Crutcher LLC.  

Harbin Electric Trades over 66% Higher after $24/Share Bid for the Company; Shares Currently Trade at $13.81  

müsste der kurs nich weit über 15€ stehen ??  

hangeln uns momentan um die 10 Euro also der auserbörsliche USA Wert.  

gleich geht es los!