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Stock impact report

China Biologic Announces Receipt of Preliminary Non-Binding "Going Private" Proposal

CHINA BIOLOGIC PRODUCTS (CBPO) 
Last china biologic products earnings: 11/13 04:43 pm Check Earnings Report
US:NASDAQ Investor Relations: chinabiologic.investorroom.com
Company Research Source: PR Newswire
BEIJING, Sept. 18, 2019 /PRNewswire/ -- China Biologic Products Holdings, Inc. (NASDAQ: CBPO, "China Biologic" or the "Company"), a leading fully integrated plasma-based biopharmaceutical company in China, today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter, dated September 18, 2019, from Beachhead Holdings Limited, CITIC Capital China Partners IV, L.P., PW Medtech Group Limited, Parfield International Ltd., HH Sum-XXII Holdings Limited and V-Sciences Investments Pte. Ltd (collectively, the "Buyer Group"), proposing to acquire all of the outstanding ordinary shares of the Company not already owned by the Buyer Group for US$120 per share in cash in a "going private" transaction (the "Transaction"). A copy of the proposal letter is attached as Annex A to this press release.In connection with the submission of the proposal letter by the Buyer Group and the Transaction, the Board has determined that each member of the Buyer Grou Show less Read more
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