Feihe
International, Inc. ADY ("Feihe" or the "Company"), one of
the leading producers and distributors of premium infant formula,
milk powder, and soybean, rice and walnut products in China, today
announced that its Board of Directors has received a preliminary,
non-binding proposal letter dated October 3, 2012 from Mr. You-Bin
Leng ("Mr. Leng"), the Company's Chairman and Chief Executive
Officer, and an affiliate of Morgan Stanley Private Equity Asia, the
private equity arm of Morgan Stanley ("MSPEA"), to acquire all of the
outstanding shares of common stock of the Company not currently owned
by Mr. Leng (and possibly other rollover shareholders) in a going
private transaction for $7.40 per share of common stock in cash,
subject to certain conditions.
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