Current price: $4.46
Offer: $4.80
Upside: 8%
Chinese battery manufacturer (listed on Nasdaq) Highpower International (HPJ) has finally signed a definitive agreement with a consortium led by the CEO (combined ownership - 32.7%) to be taken private at $4.8/share in cash. Given the prolonged timeline (initial offer was announced in June 2018) and high skepticism from the market, the main question here, is the offer real? However, given that the definitive agreement has already been signed and that it is done now just after the low cycle of commodity prices (which are expected