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 the aptly named China Security & Surveillance
So what: CEO Guoshen Tu continued to talk up his intentions to take the company private, this time pegging the per-share takeout price at $6.50. Tu currently owns around 21% of the company's stock and sees the buyout being financed by a combination of debt and equity.
Now what: Obviously, the market isn't completely convinced that Tu will be able to pull this off. Even after today's huge jump, the stock still trades well below the proposed buyout price. Of course that could be good news for investors who believe Tu is serious about his intentions because it still leaves plenty of room for appreciation. With this news following on the heels of yesterday's chatter about a China Fire & Security
Want to keep up to date on China Security & Surveillance? Add it to your watchlist.