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News Breaks | | | | December 21, 2012 | | 08:49 EDT |  | SHP | ShangPharma enters definitive agreement for going private transaction
ShangPharma announced that the company has entered into a definitive Agreement and Plan of Merger with ShangPharma Holdings Limited, ShangPharma Parent Limited and ShangPharma Merger Sub Limited, pursuant to which Parent will acquire the company for 50c per ordinary share or $9.00 per American Depositary Share. The consideration to be paid to holders of ordinary shares and ADSs implies an equity value of the company at approximately $173M, on a fully diluted basis. | |
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