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Morgan Stanley to Evaluate Buyout Offer for Tongjitang

publication date: Mar 26, 2008

The offer to take Tongjitang Chinese Medicines (NYSE: TCM) private will be put in the lap of Morgan Stanley to determine whether the offer represents a fair price for the company. A special committee of the Board of Directors, composed of TCM’s two independent directors, appointed Morgan Stanley Asia Limited to be their financial advisor for the transaction. More details...

Stock Symbol: (NYSE: TCM)



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