Goldman-led group to take over China's Shuanghui http://today.reuters.com/news/articleinvesting.aspx?type=companyNews&storyID=2007-02-08T021526Z_01_SHA361543_RTRIDST_0_FOOD-CHINA-URGENT.XML&WTmodLoc=InvArt-C2-NextArticle-2
Wed Feb 7, 2007
SHANGHAI, Feb 8 (Reuters) - A consortium led by Goldman Sachs (GS.N: Quote, Profile , Research), called Rotary Vortex, is offering to take over A shares it does not already own in Chinese meat-processing firm Henan Shuanghui Investment & Development Co. (000895.SZ: Quote, Profile , Research) for 3.63 billion yuan ($468.6 million).
Rotary Vortex, in which the Wall Street bank holds a 51 percent stake, is offering 18 yuan per share for the Shenzhen-listed A shares of Shuanghui, a top Chinese meat processor, Shuanghui said in a statement to the Shenzhen bourse.
The A shares which Rotary Vortex is offering to buy represent a 39.29 percent stake in Shuanghui Investment, the statement said.
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