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New York-listed tutor service provider Xueda Education Group announced on April 20 that it had received a preliminary buyout bid from Insight Investment Co.
In the proposal letter, the Shenzhen-listed Insight Investment indicated its interest to acquire all of the company's outstanding shares, making Xueda another Chinese company that likely to pull out of the US stock market.
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A student stands besides an advertisement of Xueda Education in Shanghai, Nov 4, 2010. [Photo/IC] |
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