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mlkrborn

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mlkrborn

Re: None

Tuesday, 03/26/2013 4:35:07 PM

Tuesday, March 26, 2013 4:35:07 PM

Post# of 88
AMBO $0.94
Ambow Education announces withdrawal of non-binding going private proposal (AMBO) 0.95 : Co announced that its Board of Directors received a letter from The Baring Asia Private Equity Fund V, L.P. stating that Baring is withdrawing the non-binding going private proposal dated March 15, 2013 as a result of unexpected events, including the resignations of three independent directors and the Company's independent auditor and the suspension of trading of the Company's ADSs on the NYSE. In its letter, Baring also stated it remained willing to consider potential transactions with the Company, including an acquisition of all or part of the Company, once the current situation is resolved.
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