Morning Mover on NASDAQ; Zhongpin (HOGS) Runs on News of Merger Agreement for "Going Private" Transaction
Category: Investment, China
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News about Zhongpin, Inc.
New York, New York, Point Roberts, WA - November 26, 2012 (Investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on morning top percentage gainers on the NASDAQ for November 26 th including Zhongpin, Inc. (NasdaqGS :HOGS), currently trading at $12.54 , up $1.68 or 15.47% as of 10:55AM EST on over 1.4 Million shares. HOGS is a leading meat and food processing company in the People's Republic of China.
The stock moved following news today that it has entered into a definitive agreement and plan of merger with Golden Bridge Holdings Limited, a Cayman Islands exempted company, Golden Bridge Merger Sub Limited, a Delaware corporation and wholly owned subsidiary of Parent and Mr. Xianfu Zhu, the Company's Chairman and Chief Executive Officer.
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