China Security and Surveillance (CSR) shares are higher today after CEO Guoshen Tu reiterated his desire to take the company private. He went so far as to name a price of $6.50 per share in a letter to the company's board.
Shares are higher by nearly 26.6 percent.
MoneyGram International (NASDAQ:MGI) shares are higher following the announcement of a re-capitalisation deal in which affiliates of private equity firm Thomas H. Lee Partners (THL) will own 55 percent of company which competes with Western Union (NYSE:WU). Back in 2008, a group led by THL and Goldman Sachs (GS) acquired an equity interest of 63 percent in the company. Under the new deal, THL and its affiliates will convert all Series B Preferred shares into common stock, while Goldman Sachs will convert its Series B-1 preferred shares into a non-voting equivalent to common stock.
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