iKang Announces Buyer Group’s Re-Evaluation of Merger and Request for Extension of Termination Date
IKANG HEALTH CARE GROUP (KANG)
US:NASDAQ Investor Relations:
ir.ikang.com
Company Research
Source: GlobeNewswire
BEIJING, Sept. 07, 2018 (GLOBE NEWSWIRE) -- iKang Healthcare Group, Inc. (“iKang” or the “Company”) (Nasdaq: KANG), a major provider in China’s fast growing private preventive healthcare services market, today announced that IK Healthcare Investment Limited (“Parent”) and IK Healthcare Merger Limited (“Merger Sub”) have informed the Special Committee (the “Special Committee”) of the Board of Directors of the Company that Parent and Merger Sub are re-evaluating the commercial viability of the merger (the “Merger”) contemplated under the Agreement and Plan of Merger, dated as of March 26, 2018, entered into by and among Parent, Merger Sub and the Company (as amended on May 29, 2018, the “Merger Agreement”), and have requested an extension of the termination date under the Merger Agreement from September 26, 2018 to October 31, 2018. Parent and Merger Sub made a public announcement regarding their current intentions with respect to the Merger and their request for an extension of t
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