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April 9, 2014
08:34 EDTYONGYongye accepts revised 'going private' proposal at $7.10 per share
Yongye announced that it has entered into an amendment to its previously announced agreement and plan of merger dated as of September 23, 2013, among Full Alliance International Limited, Yongye International Limited, Yongye International Merger Sub Limited and the Company, pursuant to which Merger Sub will be merged with and into the Company. The amended transaction includes an increase in the maximum amount of the Company's expenses in connection with the transactions contemplated in which the Amended Merger Agreement is terminated from to $3M from $2M. The amended transaction also extends the termination date from June 23 to September 22. The amended transaction, which is currently expected to close before the end of the third fiscal quarter of 2014, is subject to various closing conditions.
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