One of the more interesting M&A deals in the works was leaked almost a month ago by Bloomberg. In a story published at the beginning of November, Bloomberg writers Jeffrey McCracken and Cathy Chan tipped us off to the fact that Sonosite (Nasdaq: SONO) had hired JP Morgan to rep them in a possible sale of the company to Samsung. Read more
Do the plaintiff attourneys suing Harbin Electric (Nasdaq: HRBN) know more about the risk of Harbin’s $24-per-share acquisition closing than the rest of the market? It sure seems so. Read more
Yesterday after the close of trading Harbin Electric (Nasdaq: “HRBN”) filed an updated explanation of its purported $38.8 million dollar acquisition of raw land in Xi’an.
Reading the 8-k filing is like listening to a schoolboy come up with colorful excuses why he didn’t come to school with his homework – in short, it’s a Chinese version of the old hokum, ‘The Dog Ate My Homework’ (shout out to my dear friend who came up with that gem in a phone call with me last night!).
