3SBio to Go Private

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

3SBio (UNKNOWN: SSRX.DL  ) will no longer trade as a public company.  \The China-based firm announced that it will be taken off the market by a group captained by CEO Jing Lou, in addition to that nation's CITIC Capital. The buyout will see the group absorb 3SBio stock in exchange for $2.20 per ordinary share and $15.40 per American Depositary Receipt.

The latter price represents a premium of approximately 12% over 3SBio's most recent closing price on the Nasdaq. All told, the transaction should amount to around $340 million.

Jing's investor group already controls roughly 18% of the company.

Read/Post Comments (0) | Recommend This Article (0)

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2246267, ~/Articles/ArticleHandler.aspx, 8/25/2016 12:42:27 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,459.41 -22.07 -0.12%
S&P 500 2,176.06 0.62 0.03%
NASD 5,220.45 2.75 0.05%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
SSRX.DL $0.00 Down +0.00 +0.00%
3SBio CAPS Rating: **