Preview - Please log in to view full article.

Article Date: April 2017
Word Count: 221

Belle Holdings Gets Offer to Go Private


Following a recent profit warning that net would be down 15-25% for the FY, the holders of approximately 40% of its shares including the management are now proposing to take the company private with an offer of HK$6.30 ($0.81) per share, a premium of about 20% over recent trading, which would value the company at about $6.8 billion. The offer is conditioned on acceptance by at least 75% of the outstanding shares. Bank of America is extending $3.6 billion in financing to the transaction. Two of China’s leading PE firms, Hillhouse Capital and CDH Investments, are teaming up with Belle’s ... Log in to view full article.

 


Already a subscriber?

User Name:  

Password:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.