SAIF backs chairman's $345m bid for US-listed Sinovac
SAIF Partners has teamed up with the chairman and CEO of Chinese biopharmaceutical player Sinovac Biotech to submit a $345 million buyout offer for the NASDAQ-listed company.
Weidong Yin and SAIF are willing to pay $6.18 per share for all outstanding shares in Sinovac, according to a regulatory filing. This represents a 23.11% premium to the January 29 closing price. The transaction...
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