GPs back $605m take-private of China's SciClone pharmaceuticals
CDH Investments and Ascendent Capital Partners have teamed up with GL Capital and a Bank of China investment unit in a $605 million bid for US-listed Chinese drug developer SciClone Pharmaceuticals.
The consortium has agreed to pay $11.18 per share for all outstanding shares in SciClone, which represents an 11% premium to the June 7 closing price. The company’s stock rose jumped nearly 8% in response...
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