Mindray management proposes taking company private

Chinese medical device company Mindray Medical International Ltd. (NYSE:MR) gained $3 (11%) to $30.47 on Thursday on news that three members of its management team proposed to take the company private for $30 per share. The group's offer values the 72% of shares it doesn't already own at $2.6 billion and the entire company at $3.5 billion.

Mindray said its board received a letter from co-CEOs Li Xiting, Xu Hang and Cheng Minghe proposing the deal. The company said its board would form a committee of independent directors to consider the offer. ...