date:Mar 07, 2013
China-based milk powder and dairy products manufacturer Feihe International has entered into an agreement to go private, after a group led by chairman and chief executive officer You-Bin Leng agreed to acquire the company for $146m.
Under the terms of the deal the group, which includes Diamond Infant Formula, Platinum Infant Formula and Infant Formula Merger, Sub will pay $7.4 per share.
The transaction will be financed through a combination of an equity commitment of $28.1m by Morgan Stanley