Tibet Pharmaceuticals, Inc. (TBET)

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TBET owner pays 3 dollars per share


On March 1, 2012, Tibet Pharmaceuticals, Inc. (the “Company”) issued a press release announcing that its Board of Directors (the “Board”) has received a non-binding letter from its Chairman and Chief Executive Officer, Mr. Hong Yu (“Mr. Yu”) dated March 1, 2012, pursuant to which Mr. Yu proposes subject to certain conditions to acquire all of the outstanding shares of common stock of the Company in cash at $3 per share which represents a premium over the current stock price (the “Proposal”). The Proposal is both non-binding and subject to certain conditions.

http://google.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8452845-1008-5619&type=sect&TabIndex=2&companyid=828647&ppu=%252fdefault.aspx%253fsym%253dTBET