What: Shares of China Ming Yang Wind Power Group Ltd. (NYSE: MY) jumped 15% after getting an offer to go private.

So what: A consortium of investors including Chairman and CEO Mr. Chuanwei Zhang has offered to take the company private for $408 million. The all-cash offer is for $2.51 per American depositary share and is expected to close in the first half of the year.  

Now what: There's still a risk that a buyout like this will fall through, but unlike some "go private" offers in China recently, this one appears to have financing lined up with lenders. And considering the company's profitability recently, I think the buyout is likely. For investors who own shares today, taking some chips off the table wouldn't be a bad idea in case the buyout isn't completed, but with about 10% further upside potential, I wouldn't sell out completely.