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Zhongpin Completes Merger

Zhongpin Inc. (NASDAQ: HOGS), a leading meat and food processing company in the People's Republic of China, today announced the completion of the merger (the "Merger") contemplated by the previously announced Amended and Restated Agreement and Plan of Merger, dated as of February 8, 2013 (the…Zhongpin Inc. ("Zhongpin" or the "Company," Nasdaq: HOGS), a leading meat and food processing company in the People's Republic of China, today announced the completion of the merger (the "Merger") contemplated by the previously announced Amended and Restated Agreement and Plan of Merger, dated as of February 8, 2013 (the "Merger Agreement"), by and among Golden Bridge Holdings Limited ("Parent"), Golden Bridge Merger Sub Limited (the "Merger Sub"), Mr. Xianfu Zhu and the Company.  As a result, the Company became a wholly-owned subsidiary of Parent.

Under the terms of the Merger Agreement, which was approved by the Company's stockholders at a special meeting held on June 27, 2013, each share of Company common stock has been cancelled and converted into the right to receive $13.50 in cash, without interest and less any applicable withholding taxes (the "Merger Consideration"), except for (a) shares of common stock owned by the Company as treasury stock and shares owned by Parent or Merger Sub and their affiliates, including shares contributed to Parent by Mr. Xianfu Zhu, Mr. Baoke Ben, Mr. Chaoyang Liu, Mr. Qinghe Wang, Mr. Shuichi Si and Ms. Juanjuan Wang (the "Rollover Investors"), all of

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Posted-In: News Guidance Contracts Management M&A Global

 

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