UBS analyst: Shanda repurchase proposal prices are 11.8% higher than fair valuations

Shanda Network (SNDA. Nsadaq, chairman of the non-legally binding buyer plan, to 41.35 dollars per share of the Royal Network for 100% Privatization, UBS Group (United Bank of Switzerland) analysts said that　　The price of the proposal is 11.8% higher than the fair valuation given by analysts. UBS analysts expect Shanda's other executives to hold a stake of about 2.5% per cent. The purchaser plans to complete due diligence within 6 weeks after completing the necessary documentation and staffing. The price of the proposal is 11.8% higher than the fair valuation given by analysts.　　In response to the potential privatisation proposal, UBS gave the royal network a "neutral" rating and set its target price at $37.00 trillion. UBS analysts said that before that, Shanda Network chairman Chen on several occasions on the Royal network to the Shanghai Stock Exchange International version of interest, so Shanda network privatization may be its future listing in China, the prelude to a A-share.