A team of attorneys from Akin Gump Strauss Hauer & Feld LLP has been retained by a special committee of Chinese pork and produce processor Zhongpin Inc. to evaluate a preliminary offer from the company’s CEO to buy out shareholders and take Zhongpin private.
Zhongpin sells pork products, vegetables and fruits in China. Its distribution network in China included about 3,400 retail outlets as of the end of 2011. The company also exports to Europe and other Asian countries.
Gregory Puff, corporate partner and head of Akin Gump’s Hong Kong office and Asia practice, is leading the legal team advising the special committee. Barclays Bank PLC has been appointed as its independent financial advisor.
The transaction is ongoing.
