AsiaInfo-Linkage Inc. (ASIA) announced Friday morning that its Board of Directors has received a non-binding proposal letter from Power Joy Ltd. Power Joy has proposed to acquire all of the outstanding shares of common stock of AsiaInfo-Linkage in cash at a price which represents a premium over the current stock price.
AsiaInfo-Linkage gapped open higher Friday and climbed in early trade, before settling into a range. Shares finished up by 1.86 at $11.78 on strong volume. The stock broke out to a 5-month high.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.