Fire safety products maker China Fire & Security Group Inc said it has received a proposal from a private equity firm to buy all its outstanding shares in cash. China Fire's board received a non-binding letter from a leading global private equity firm proposing to acquire the company's shares at a premium to its current stock price, the company said in a statement. A special committee, formed to consider certain potential transactions involving China Fire, retained Barclays Capital as its financial advisor and Shearman and Sterling LLP as its legal counsel.
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