CNinsure Soaring 30% On Buyout (CISG)

CNinsure Inc. CISG shares are soaring this morning, gaining nearly 30% after the company received a going private offer, which would value the company at $953 million. The deal, which is a 44% premium to Friday's closing price, is being led by a consortium, which includes its Chief Executive Yinan Hu. CNinsure Inc., together with its subsidiaries, provides insurance brokerage and agency services, and insurance claims adjusting services in the People’s Republic of China.