KongZhong Corporation (KZ) Slightly Higher on New Proposal

KongZhong Corporation KZ shares edged higher 0.3% to $6.43 as the company reported the receipt of revised non-binding proposal from Chairman CEO Leilei Wang to acquire the company for $7.18 per ADS in cash Share volume was 205,000, nosing by an all-day average of 198,000
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