Grand game is about to withdraw from the market, reaching $1 billion 900 million privatization trans

lead: grand group said in a statement Friday, Cade group will be the price of $3.55 per share, the acquisition of China online game developer shanda. Transaction is expected to be completed in the second half of this year, Shanda delisting from nasdaq.

April 4th, Shanda has revealed the day before, the price of $1 billion 900 million, to reach an agreement with the privatization of CapitaLand group.

grand group said in a statement Friday, Cade group will be the price of $3.55 per share, or $7.1 per ADRs share, the acquisition of Chinese online game developer shanda. Transaction is expected to be completed in the second half of this year, Shanda delisting from nasdaq.

private equity fund Chunhua capital, Carlyle Group and the source of capital (Primavera Capital Ltd., Carlyle Group LP and FountainVest Partners Co.) as early as September last year when he expressed the hope that the privatization of the alliance, one by one to opt out.

Shanda ADRs shares, each of which is equivalent to two ordinary shares, on Thursday before the stock market closed in New York, $6.49 per share. In the year since the market opened, rose 14%.

the US stock market closed on the day of Jesus’s crucifixion (a Friday before Easter).

review:

September 2009, Shanda nasdaq.

January 2014, Shanda Chunhua capital and buyout group, Shanda intends to acquire the remaining 23.8% stake, the transaction price of approximately $1 billion 900 million for the grand game.

April 2014, the perfect world invested $100 million to buy Shanda shares, joined Shanda privatization consortium.

September 2014, Shanda announced that the eastern financial holding under the Orient Securities (Hongkong) Ltd., Shanghai acquisition of equity investment fund and the Bank of cashmere industry in Ningxia International Group joined Shanda privatization Consortium for $1 billion 75 million. Chunhua capital, perfect world and other companies from the consortium.

October 2014, Shanda announced that, according to the resolution of the board of directors, officially replacing Zhang Xiangdong of grand game CEO post, to terminate the labor relationship with Shanda, Shanda dismissed its directors. Become a grand game within four years to replace the third CEO. The company appointed Zhang Yingfeng as the grand game agent CEO.

November 2014, Shanda announced that the group will hold the shares of Shanda games all sold to Ningxia cashmere industry and Yili Shengda holdings also announced that Chen no longer serve as directors.

March 2015, under the Orient Securities Oriental Hongtai (Hongkong) and Tomo Hiroji (Hongkong), and Haitong Securities, Hao Ding international joined Shanda.

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