Why iKang Healthcare Group Is Up Double Digits Today [The Motley Fool]
IKANG HEALTH CARE GROUP (KANG)
US:NASDAQ Investor Relations:
ir.ikang.com
Company Research
Source: The Motley Fool
Traders cheer after the company provides an update on its bid to go private. Here's what investors need to know. Brian Feroldi ( TMFTypeoh ) Dec 14, 2018 at 11:43AM What happened After it announced that it has reached an agreement to extend the deadline for its transaction to be taken private, shares of iKang Healthcare Group ( NASDAQ:KANG ) , a provider of preventative healthcare services in China, jumped 10% as of 11:25 a.m. EDT on Friday. So what iKang received an offer to be taken private by Yunfeng Capital and Alibaba Investment Limited back in March of 2018 for the price of $20 per American depositary share (ADS). That number was later raised to $20.60 per ADS, and a target closing date of September 26th, 2018 was set. Unfortunately, the deal failed to close in time, so the two parties agreed to extend the termination date to October
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