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Stock Market & Financial Investment News

News Breaks
December 2, 2013
08:03 EDTGAGiant Interactive forms special committee to consider proposal from chairman
Giant Interactive announced its board formed a special committee to consider the previously announced non-binding proposal received by the company's board on November 25 from the company's Chairman, Yuzhu Shi, and an affiliate of Baring Private Equity Asia. Since its formation, the Special Committee has been evaluating legal counsel and financial advisors to assist it in considering the Proposal. The Special Committee has retained Fenwick & West LLP as its U.S. legal counsel. Additionally, the Special Committee is in the process of evaluating potential financial advisors to assist the Special Committee in considering the Proposal. Separately, the Company has also retained Kilometre Capital as its outside strategic consultant.
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