Announced
Completed
Financials
Tags
Privatisation
Single Bidder
Majority
Merger
Friendly
Public
Education Services
online education
China
Domestic
Acquisition
Completed
Private Equity
Synopsis
China Distance Education, a provider of online education and value-added services for professionals and corporate clients in China, completed the merger with Champion Distance Education Investments. All outstanding ordinary shares of the China Distance Education, including ordinary shares represented by American depositary shares, each representing four ordinary shares, other than excluded shares and ADSs representing excluded shares, are cancelled in exchange for the right of the holders thereof to receive $2.45 in cash per ordinary share or $9.8 in cash per ADS.
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