CITIC Capital target AsiaInfo to consider other bids
AsiaInfo-Linkage, the US-listed telecom software manufacturer that is subject to a buyout offer from CITIC Capital, plans to consider privatization proposals from other parties. This comes one month after reports that several private equity firms and strategic investors may submit bids for the company.
Power Joy (Cayman) offered to purchase all AsiaInfo's outstanding shares in January. Power Joy is a wholly owned subsidiary of CITIC Capital China Partners II, a $925 million vehicle that closed in January...
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