(Reuters) - The consortium is making a general offer to buy 39.29 percent of Shuanghui's shares. The latest proposal brings the pricing of the offer up to the 31.17 yuan last traded price of Shuanghui's shares on the Shenzhen Stock Exchange on May 31, 2006.
Rotary Vortex is making the general offer in line with old Chinese rules on acquiring stakes in listed companies. New rules introduced last September do not require a general offer, but Rotary agreed to take over Shuanghui before the rule change.
Read more at Reuters.com Mergers News
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