CITIC Capital makes $3.6b bid for China Biologic Products
CITIC Capital has submitted a take-private bid for China Biologic Products that values the US-listed biopharmaceutical developer at approximately $3.65 billion.
The private equity firm is willing to buy all outstanding American Depository Receipts (ADRs) in the company for $110 apiece in cash, according to a filing. This represents a 34% premium to the June 15...
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