GLP backs $1.37b take-private of Hong Kong's Li & Fung
The founders of Hong Kong-listed Li & Fung have teamed up with PE-owned warehouse operator GLP on a take-private offer that values their company at HK$10.7 billion ($1.37 billion).
The consortium will pay HK$1.25 per share in cash for all outstanding shares, according to a filing. The founder group – owned by brothers William and Victor Fung and their family trust – currently...
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