China Hydroelectric Corp. (CHC)

[king888]

$CHC - John Kuhns and Catalyst Energy back in 1988
This article from NYTime is referred in the insurgence's presentation

http://www.nytimes.com/1988/03/30/business/a-highflier-s-one-final-gamble.html?pagewanted=all&src=pm

It said the share price fell to $3.75 and traded in $9 range when it received a going private proposal from Kuhns at $11.75
But from further due diligence, I found that there was a bidding war between Kuhns and Thomas B. Pickens ( son of T.Boone Pickens)
The first bid was only $10 from Kuhns .
http://www.nytimes.com/1987/12/29/business/company-news-catalyst-energy.html

Pickens placed a bid for $10.75 a share
http://www.nytimes.com/1988/07/07/business/company-news-catalyst-gets-bid-by-pickens-s-son.html?src=pm

Catalyst agreed to be acquired by Pickens at $11.25
http://www.nytimes.com/1988/07/22/business/company-news-catalyst-agrees-to-be-acquired.html?src=pm

In September 1988, John Kuhn was replaced by Thomas Pickens
http://www.nytimes.com/1988/09/01/business/executive-changes-506788.html

So the $11.75 offer from Kuhns in the NY Time article was not materialized. I doubt that it was just a bluff to get an higher bid from Pickens. Probably,we can expect the same thing in CHC. If Kuhns get what he want ,the insurgence can take the company.
And there might be a buying spree to gain more shares in public market from both groups.