Baring Asia to exit Noah Education as MSPEA makes take-private offer
Baring Private Equity Asia is on course to exit Noah Education Holdings after Morgan Stanley Private Equity Asia (MSPEA) and senior management tabled a take-private bid that values the company at around $108 million. This is MSPEA’s second privatization of a US-listed Chinese company in the space of a month.
According to a regulatory filing submitted in late December, the consortium is willing to pay $2.80 per American Depository Share (ADS) for all outstanding shares. This represents a 24.4% premium to the...
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