iKang Enters into Amendment No. 2 to Merger Agreement for Going Private Transaction
IKANG HEALTH CARE GROUP (KANG)
US:NASDAQ Investor Relations:
ir.ikang.com
Company Research
Source: GlobeNewswire
BEIJING, Sept. 25, 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 it has entered into an amendment No. 2 (“Amendment No. 2”) to amend its previously announced agreement and plan of merger, dated as of March 26, 2018 and amended pursuant to Amendment No. 1 thereto dated as of May 29, 2018 (the “Merger Agreement” and, as amended by Amendment No. 2, the “Amended Merger Agreement”), by and among the Company, IK Healthcare Investment Limited (“Parent”) and IK Healthcare Merger Limited (“Merger Sub”). Under the terms of the Merger Agreement, either the Company or Parent could terminate the Merger Agreement if the merger contemplated by the Merger Agreement (the “Merger”) has not been completed by September 26, 2018 (the “Termination Date”). Amendment No. 2 extends this Termination Date to October 31, 2018. Under Section 7.02(e) of
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