Oppenheimer analysts think Grand asset reorganization is worth a good

Shanda Network (SNDA. Nsadaq recently announced a non-binding letter of recommendation from Shanda Chairman and CEO Chen: Privatisation of the company by 41.35 US dollars per share of US depository securities.　　Oppenheimer analyst published an analysis of the article said that the Grand portfolio value is considerable, the financing barrier is small. Analysts estimate that the company has 57.5 million tradable shares, while Chen's main buyer owns 68.4% of them.　　The Shanda network, which has 685 million dollars in net cash (excluding 520 million dollars of net cash from Shanda games), means that the transaction can be completed only by refinancing 1-1.500 million dollars in cash.　　And Shanda Network has been to build integrated network platform for the development of key pillars of Business, includes: Online games (Shanda games), online video (cool 6), online literature (in the cloud Bookstore), social games (wingers), content aggregation and distribution (Shanda online) and Third-party payment Systems (Sheng). Before Chen submitted a letter of recommendation, there was an analysis that affirmed that. Ecapital Capital has commented that Shanda's search for privatisation is an important step in the right direction at the correct time, and if privatization succeeds, it will help release the company's real value and make room for its capital operations.