IKang chairman, Meinian withdraw take-private bids
Ligang Zhang, founder and CEO of US-listed Chinese company iKang Healthcare Group, and a consortium led by Meinian Onehealth Healthcare Group, have withdrawn their privatization proposals for iKang after the company received a new offer from Yunfeng Capital.
Yunfeng joined the bidding for iKang last week, offering $20.00-$25.00 per share for all outstanding American Depositary Shares (ADSs) in the company. The Zhang-led buyer group had offered $17.80 per share,...
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