Harbin Electric (HRBN)

[DonkeyKong33]

I posted this after a hedge fund VP who personally been involved with the paperwork of the merger had lunch with my mother, a hedge fund investor, today (obviously wanted her as client so was giving her some good tips), basically explained that the CEO of HRBN is desperate to buy back his company to make it private again at 24$ a share within the next few months of this date, the shares are currently trading at 15.51.

HRBN rebounded about 100% within 2 trading days from its 8$ low once this peice of news came out

" Shares of the Chinese electric motor maker soared as much as 73% yesterday following news the company has agreed to be bought by its chairman and CEO and a private equity fund for $24 a share in cash, offering a premium of 186% on HRBN's share price at the end of last week. The deal, which values HRBN at close to $750 million, will result in the Company going private."

I am buying 40k @ around 16 tomorrow and holding till this merger is completed. GLTA

This fairly well written analysis sums that the deal will happen...

http://www.filedump.net/dumped/download1309268277.pdf