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Stock impact report

BRIEF-Ata Inc To Sell Its Wholly-Owned Subsidiary Ata Online [Reuters]

ATAI Life Sciences N.V. - Common Shares (ATAI) 
US:NASDAQ Investor Relations: ir.atai.net.cn
Company Research Source: Reuters
BRIEF-Ata Inc To Sell Its Wholly-Owned Subsidiary Ata Online | Reuters Reuters Staff 2 Min Read Feb 6 (Reuters) - Ata Inc: * ATA ENTERS INTO DEFINITIVE AGREEMENT FOR THE SALE OF ITS WHOLLY-OWNED SUBSIDIARY ATA ONLINE * ATA - HAS ENTERED INTO A SHARE PURCHASE AGREEMENT WITH A GROUP OF INVESTORS INCLUDING TWO ENTITIES AFFILIATED WITH FUNDS MANAGED BY CDH INVESTMENTS * ATA - IF DEAL IS COMPLETED, CO WILL NO LONGER CONDUCT TESTING DEVELOPMENT & DELIVERY BUSINESS CURRENTLY OPERATED BY ATA ONLINE * ATA INC - SPECIAL COMMITTEE UNANIMOUSLY RESOLVED TO APPROVE SHARE PURCHASE AGREEMENT AND TRANSACTION * ATA - BOARD PRELIMINARILY APPROVED TO USE PORTION OF PROCEEDS FROM DEAL TO PAY CASH DIVIDEND TO SHAREHOLDERS * ATA INC - SALE OF ATA ONLINE WILL NOT ALTER RIGHTS, PRIVILEGES OR NATURE OF ISSUED AND OUTSTANDING SHARES * ATA INC - BOARD ACTING UPON UNANIMOUS RECOMMENDATION OF SPECIAL COMMITTEE, APPROVED DEAL, SHARE PURCHASE AGREEMENT AND RELATED TRANSACTION DOCUMENTS * ATA INC - IF DEAL IS COMPLET Show less Read more
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