Some Zhongpin, Inc. (HOGS)
I picked up a few shares in Zhongpin, Inc. (Ticker: HOGS) today at $12.78. This is one of those Chinese management buyout plays. The take out price for this deal is $13.50 in cash. This deal will probably close by the end of April, but I’m factoring in a conservative close date of May 31st when calculating the annualized return. If all goes well, this should generate a net return of 5.63% (annualized return of 22.77% assuming a May 31st close). This is just a small position (~ 4.5% of my portfolio).