China Media Capital backs Charm Communications take-private
Hong Kong-based China Media Capital is backing management buyout of Charm Communications, a US-listed Chinese advertising agency. The bid values the company at about $180 million.
A consortium, led by Charm's chairman and founder He Dang, and China Media Capital, has offered to acquire all outstanding shares that it doesn't already own for $4.70 per American Depositary Share (ADS)....
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