Buyout Offer Lowered to US$27/ADS from US$30/ADS

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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Mindray Medical International Ltd (ADR) / Event-Driven

Mindray Medical International Ltd (ADR) (MR US)

Mindray Medical International Limited ("Mindray") has announced that it has entered into a definitive Agreement with Excelsior Union Limited ("Parent") and Solid Union Limited ("Merger Sub"), pursuant to which Parent will acquire the Company for cash consideration equal to US$28.0 per ADS<ul><li>The Founders and key management had initially offered US$30 Cash during the non-binding stage back in June 2015.</li><li>In Sept, they lowered the buyout offer to US$27 / ADS</li><li>Finally, they have entered into a DMA at US$28 / ADS</li></ul>The transaction has been structured as a merger,&nbsp;the shareholder threshold for passing a statutory merger to a special shareholder resolution requires two-thirds approval.Will Shareholders take the reduced offer?&nbsp;

Mindray Medical International Limited ("Mindray") has announced that it has entered into a definitive Agreement with Excelsior Union Limited ("Parent") and Solid Union Limited ("Merger Sub"), pursuant to which Parent will acquire the Company for cash consideration equal to US$28.0 per ADSThe Founders and key management had initially offered US$30 Cash during the non-binding stage back in June 2015.In Sept, they lowered the buyout offer to US$27 / ADSFinally, they have entered into a DMA at US$28 / ADSThe transaction has been structured as a merger,&nbsp;the shareholder threshold for passing a statutory merger to a special shareholder resolution requires two-thirds approval.Will Shareholders take the reduced offer?&nbsp;

Mindray Medical International Ltd (ADR)

Mindray - 2 Steps back 1 Step forward