China’s Qunar receives take-private bid
Chinese private equity firm Ocean Management has made a take-private offer for domestic travel site Qunar that values the US-listed company at about $4.4 billion.
According to a statement, the proposed acquisition was priced at $30.39 per American depositary share and would be financed by a combination of debt and equity capital. Qunar shares spiked about 10% after...
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