3SBio Inc. Schedules Take-Private Vote for May 24

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by Richard Daverman, PhD

May 2, 2013 -- 3SBio Inc. rescheduled the shareholders meeting that will vote on a controversial take-private offer. The meeting is now scheduled to take place on May 24, 2013. The original meeting was cancelled after the take-private bid was raised from $15.40 per ADS to $16.70. The increased bid surfaced amid allegations that 3SBio’s management discouraged still-higher offers. More details....

Stock Symbol: (NSDQ: SSRX)

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