Northern, WI 4/2/12 (StreetBeat) -- Winner Medical Group Inc (Nasdaq: WWIN), a China-based exporter and retailer of medical dressings, said it received a takeover offer from its CEO to take the company private, valuing it at about $105 million or $4.30 per share.The offer is at a 27 percent premium to Winner Medical's Friday close of $3.40. The company's shares were trading up a fifth at $4.05 on Monday morning on the Nasdaq.
CEO Jianquan Li and his wife currently own about 73.95 percent of the company's common stock.
The company's board has formed a special panel to consider the proposal and any alternatives, Winner Medical said.
As of Feb. 9, the company had 24.4 million shares outstanding.
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