Baring PE Asia abandons Ambow Education take-private
Baring Private Equity Asia (BPEA) has abandoned its $108 million take-private bid for Chinese education provider Ambow Education Holding, citing the resignation of four of the New York-listed company’s independent directors and its auditors in the 10 days since the offer was submitted.
The private equity firm said in a regulatory filing that it remains willing to consider potential transactions with Ambow, including an acquisition of all or part of the company, once the current situation...
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