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News Breaks | | | | February 8, 2013 | | 05:33 EDT |  | SSRX | 3SBio enters in merger agreement for 'going private' transaction
3SBio announced that it has entered into an agreement and plan of merger with Decade Sunshine. Pursuant to the terms of the Merger Agreement, each of the company's ordinary shares, including shares represented by American Depositary Shares, each representing seven shares, issued and outstanding immediately prior to the effective time of the merger will be cancelled in exchange for the right to receive $2.20 in cash per Share, or $15.40 per ADS. The merger contemplated in the Merger Agreement, which is currently expected to close during Q2. If completed, the merger will result in the company becoming a privately-held company and its ADSs would no longer be listed on the NASDAQ global market. | |
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