Gridsum Announces Receipt of Preliminary Non-Binding Proposal
GRIDSUM HOLDING INC ADS (GSUM)
Last gridsum holding inc ads earnings: 5/25 04:05 pm
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US:NASDAQ Investor Relations:
ir.gridsum.com
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Source: PR Newswire
BEIJING, July 16, 2019 /PRNewswire/ -- Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated July 15, 2019, from Guosheng Qi, chairman of the Board and the Chief Executive Officer of the Company, Guofa Yu, a director and the Chief Operating Officer of the Company, and their respective affiliated entities, and Beta Dynamic Limited, an affiliate of Hammer Capital Private Investments Limited (collectively, the "Consortium Members"), proposing to acquire the Company in a going private transaction (the "Transaction") for US$3.80 in cash per American depositary share (each representing one Class B ordinary share of the Company), or US$3.80 in cash per ordinary share. A copy of the preliminary non-binding proposal letter is attached as Exhibit A to this pr
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