Announced
Financials
Tags
Acquisition
Tender Offer
Privatisation
China
Single Bidder
Clothing and Accessories
Majority
Pending
fashion and lifestyle
Public
Friendly
Synopsis
Leo Ou Chen, chairman of Jumei, offered to acquire Jumei International, a fashion and lifestyle solutions provider in China, for $135m. The price represents a premium of approximately 15% over the closing price of the Company's ADSs on January 10, 2020. "I believe that the acquisition will provide value to the Company's shareholders. I recognize of course, that the Board will evaluate the proposed acquisition independently before it can make its determination whether to endorse it. In this regard, I believe it would be in the best interests of the Company for the Board to establish a special committee of independent directors to consider and evaluate this Proposal and the Acquisition," Leo Ou Chen.
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