* Deal values company at $146.6 mln
* Offer of $5.80 per share at $28.3 pct premium
* Shares up 18 pct premarket
June 8 China TransInfo Technology Corp,
which makes 2D and 3D geography information system software for
the Chinese government, agreed to be taken private by its CEO
and his affiliates in a deal that values it at about $146.6
CEO Shudong Xia, who already owns 27.8 percent of the
company, offered to buy the rest of the stock for $5.80 per
share, a 28.3 percent premium to the stock's Thursday close.
Shares of the company, which has a market value of $114.2
million, were up 18 percent in premarket trading on Friday.
Shudong offered $5.65 per share on Feb. 21.
China TransInfo said it will be a wholly owned unit of
TransCloud, a shell company Shudong owns.
TransCloud will fund the acquisition through a loan secured
from China Development Bank Corporation.