Buyer Group Re-Evaluates iKang Acquisition and Requests Extension of Termination Date
IKANG HEALTH CARE GROUP (KANG)
US:NASDAQ Investor Relations:
ir.ikang.com
Company Research
Source: PR Newswire
BEIJING, Sept. 7, 2018 /PRNewswire/ -- 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 iKang Healthcare Group, Inc. (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. Pursuant to the Merger Agreement, the obligations of Parent and Merger Sub to consummate the Merger are subject to the condition that holders of no more than 15% of the shares of the Company have served notices of objection under Section 238(2) of the Cayman Islands Companies Law (the "Condition"). On Augu
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