Feihe International Enters Merger Agreement for Going-Private Transaction
On March 4, 2013, Beijing-based Feihe International, one of the leading producers and distributors of premium infant formula, milk powder, and soybean, rice, and walnut products in the People's Republic of China, announced that it has entered into a merger agreement to be taken private in a deal financed by a group that includes Feihe's chairman and chief executive officer, You-Bin Leng, and an affiliate of Morgan Stanley Private Equity Asia. The deal is valued at $147 million and is expected to close in the second quarter of 2013. Wilson Sonsini Goodrich & Rosati is serving as U.S. legal counsel to You-Bin Leng in connection with the transaction.
For more information, please see Feihe's press release.