Shanda Interactive Entertainment Inc. announced plans to launch a tender offer for 51% of fellow Chinese online-entertainment concern Hurray Holding Co. with the support of Hurray's board.
Shanda is offering $4 per American depositary share, a 25% premium to Friday's closing price. The shares bottomed out at 93 cents three months ago, but have surged since late April amid potential takeover efforts.
Israeli Missiles Hit Iran, the Price of Oil Jumps 3 Percent
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In a game of tit for tat, Israel strikes back at Iran for Iran's missile
launch against Israel. Iran's attack on Israel was in response for Israel
illegall...
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