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Quik18holes

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Quik18holes

Re: None

Friday, 03/15/2013 5:03:32 PM

Friday, March 15, 2013 5:03:32 PM

Post# of 88
Ambow Education Holding Ltd. (AMBO) received a proposal from major shareholder Baring LP to purchase all of the company's American depositary shares and class A ordinary shares at a purchase price of $1.46 per ADS and 73 cents per ordinary share, according to a regulatory filing. Baring and its affiliates currently have a roughly 10% stake in the operator of schools, college and training centers throughout China, Wells Fargo said in a note to clients, adding that the proposed price represents a 44.5% premium over Thursday's closing price. Shares rose 54% to $1.55.



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