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Harbin Electric Closer to LBO
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Harbin Electric Closer to LBO
Maxim Group said that Harbin Electric (NASAQ:HRBN) has filed all necessary SEC documents regarding its LBO and noted its advisors have conducted their own due diligence.The firm states the company needs to resolve its litigations before closing the transaction, which it believes, will close by the end of the year also that any major gap between the share and LBO price produces a buying opportunity.Harbin Electric has a potential upside of 35.7% based on a current price of $17.69 and an average consensus analyst price target of $24.
Video Length: 0
Date Found: July 15, 2011
Date Produced:
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