Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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On the 22nd of June, Vimicro <a href="http://irweb.vimicro.com/en/index.php?m=content&amp;c=index&amp;a=show&amp;catid=22&amp;id=148" target="_blank">announced</a>&nbsp;receipt of Preliminary Non-Binding Proposal to Acquire the Company for $13.50 per ADR from its management.&nbsp;85 days later, Vimicro <a href="http://irweb.vimicro.com/en/index.php?m=content&amp;c=index&amp;a=show&amp;catid=22&amp;id=156" target="_blank">announced</a>&nbsp;that it has entered into a Definite Merger Agreement at $13.50 per ADR.Vimicro traded as wide as 54.8% and averaged at 24.1% gross spread while on its way to getting a definite agreement from its management.Currently, many ADRs that are still in the non-binding stage are trading at very wide spreads.Is Vimicro a buy at these levels? Also, which are the other ADRs that are looking good at the moment? Let's explore...

On the 22nd of June, Vimicro announced&nbsp;receipt of Preliminary Non-Binding Proposal to Acquire the Company for $13.50 per ADR from its management.&nbsp;85 days later, Vimicro announced&nbsp;that it has entered into a Definite Merger Agreement at $13.50 per ADR.Vimicro traded as wide as 54.8% and averaged at 24.1% gross spread while on its way to getting a definite agreement from its management.Currently, many ADRs that are still in the non-binding stage are trading at very wide spreads.Is Vimicro a buy at these levels? Also, which are the other ADRs that are looking good at the moment? Let's explore...

Vimicro International

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