Android app on Google Play

New Oriental Education (EDU) Ramps on 'Take Private' Chatter

March 15, 2013 12:26 PM EDT Send to a Friend
New Oriental Education & Technology Group (NYSE: EDU) is sharply higher Friday on 'take-private' chatter. Speculators are pointing to a revealing Alibaba interview with CEO Minhong Yu, which some say suggests he could follow in the footsteps of some other embattled U.S.-listed Chinese stocks and take the company private.

Mr. Yu admitted he was "very, very tired" amid the pressure to grow from being a U.S.-listed company and voices "regret."

Shares of New Oriental are up 8.5 percent.




You May Also Be Interested In


Related Categories

Rumors

Add Your Comment