Cleary and Skadden among group of six on take private of Yongye

legalweek

Cleary Gottlieb Steen & Hamilton and Skadden Arps Slate Meagher & Flom have taken lead roles on the $340m take private of Nasdaq-listed Chinese crop and animal nutrients manufacturer, Yongye International. The Beijing-based company said in October last year it had received an offer from a group of buyers, including chairman and CEO Zishen Wu, majority shareholder Full Alliance International, MSPEA Agriculture Holding and Abax Global Capital, for $6.60 per share they didn’t already own.