China Security & Surveillance Technology, Inc. CSR today announced that it has established a special committee to consider the letter received by its board of directors from its Chairman and Chief Executive Officer, Mr. Guoshen Tu on January 28, 2011, and to evaluate any proposal that Mr. Tu may make as stated in the letter.
In that letter, Mr. Tu stated that he is considering the feasibility of developing a proposal to acquire all of the outstanding shares of common stock of CSST not currently owned by Mr. Tu in a going private transaction. There can be no assurance that any proposal for a transaction will be made, that any agreement will be approved or executed or that any transaction will be consummated.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in