"According to the Shanghai Xinhua News Agency," Grand Interactive Entertainment Co., Ltd. announced recently, to 46.2 million U.S. dollars acquisition of Hua Group Holdings Limited 51% shares, the acquisition price of 0.04 U.S. dollars per share. The Grand takeover offers a 25% per cent premium over the shares of the company's previous Nasdaq trading day (June 5). At present, the final completion of the offer will also depend on some terms of the deal, including at least 51% of the company's shareholders accept an offer, if more than 51% of the Hurray has been issued shares to accept the acquisition, Shanda will be a proportional reduction of the number of shares acquired from each Chinese friend shareholders. In addition, the transaction is not subject to any financing conditions. Hua Friends Board of Directors has unanimously recommended that the shareholders accept a grand offer to buy. For the acquisition, Shanda, the two sides said that the two companies in the content, distribution platform and user group complementary will provide synergies for the future development of both sides.
The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion;
products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the
content of the page makes you feel confusing, please write us an email, we will handle the problem
within 5 days after receiving your email.
If you find any instances of plagiarism from the community, please send an email to:
info-contact@alibabacloud.com
and provide relevant evidence. A staff member will contact you within 5 working days.
