Good Life China Corporation (GLCC)

[crazy horse 0]

lockstock31 the offer came unsolicited,Per PR

In other corporate updates, the issuer has received a number of inquiries regarding its buyout proposal. The issuer reminds its readers that it cannot prematurely release the candidate name. The issuer can however say that the offer came unsolicited from a publicly traded entity; it is a friendly one which in our opinion contains very favourable provisions and benefits. It is from a NON USA trading or a USA based company. The management and board of directors of Good Life have requested its North American corporate advisors to attend the candidate's offices in Geneva and to report its recommendations to the Beijing head office in July.
http://biz.yahoo.com/prnews/080617/to303.html?.v=41
You State
I doubt the European company has actually set a buyout price yet, since they would first have to review the full extent of GLCC's financials. At this point, they may just be expressing an "interest" for futher exploration.