Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of AsiaInfo-Linkage (Nasdaq: ASIA ) jumped 19% today after getting a buyout offer.
So what: Power Joy, a subsidiary of CITIC Capital China Partners, sent a proposal letter to the company offering to buy all of the company's shares in an all cash offer. The price wasn’t released, but the company said it "represents a premium over the current stock price."
Now what: Since we don’t have an exact price there isn't a way to know if shares have overshot the deal already. I think it's worth sticking around and finding out what the exact offer was in case shares climb further. Buyouts usually come with a pretty healthy premium and today’s 19% jump may just be the start.
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