Synutra International Inc.  (SYUT) Trade Now »     Rate SYUT  -  Discuss SYUT  -  Add to Watch List        

Since listing on the Nasdaq in April, thinly traded Synutra International's (syut) stock has nearly doubled. With a market cap of $1.1 billion, the Chinese maker of infant formula is one of the nearly two-dozen exchange-listed Chinese companies that have gone public in this country through the back door by merging with a shell. (One of the most famous, or infamous, is Bodisen Biotech -- no stranger to readers of this space -- which was recently delisted.) By their nature, reverse mergers, as they're called, are controversial, in part because of their checkered histories and because