Peter Woo, a former Chairman and majority stakeholder of Wheelock, a Hong Kong-based financial real estate company, offered to acquire the remaining stake in the company, and take it private, for c. $1bn in cash. Shareholders in Wheelock will receive one share each in subsidiaries Wharf Holdings and Wharf Real Estate Investment, plus a $1.5 cash payment, per Wheelock share they hold. That adds up to $9 per share on a regular basis.