bullish
Hina/IBC's Non-Binding Proposal For VNET
903 Views12 Apr 2022 16:50
Trading at a 14.3% gross spread to terms. It's indicative. And opportunistic. But still worth a punt around these levels.
Boomeranged on Fri, 17 Nov 2023 12:10
Shandong Hi-Speed Holdings (412 HK) is investing US$299mn (@US$0.497/share) in VNET to take a 42.12% stake on a fully diluted basis, and 35.7% of the voting rights. This needs SDGH shareholder approval (simple majority), and SAMR sign-off. Blackstone affiliate Vector Holdco has first right of refusal. No mention in the announcement on prior Offers.
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