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The Boston Globe

Business

CEO, group offer to take Yongye private

Chinese plant and animal feed maker Yongye said Monday that a group has offered to take the company private. The company said the offer from the group, which includes chairman and chief executive Zishen Wu, would include all of the shares the group does not already own for $6.60 each. Yongye’s board has created a panel to evaluate the offer and other possible transactions.

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