Edition:
United States

China Biologic Announces Updates On Unsolicited Acquisition Proposals And Strategic Private Placement


Friday, 24 Aug 2018 08:00am EDT 

Aug 24 (Reuters) - China Biologic Products Holdings Inc ::CHINA BIOLOGIC ANNOUNCES UPDATES ON UNSOLICITED ACQUISITION PROPOSALS AND STRATEGIC PRIVATE PLACEMENT.CHINA BIOLOGIC PRODUCTS - ENTERED AGREEMENTS FOR ISSUANCE & SALE OF 5.9 MILLION SHARES, EXPECTED TO RAISE GROSS PROCEEDS OF ABOUT $590 MILLION.CHINA BIOLOGIC PRODUCTS HOLDINGS - BOARD UNANIMOUSLY DECIDED TO REJECT PREVIOUSLY ANNOUNCED PRELIMINARY NON-BINDING PROPOSAL DATED AUGUST 17.CHINA BIOLOGIC - BOARD RECEIVED LETTER FROM CITIC CAPITAL MB INVESTMENT LIMITED WITHDRAWING ITS PROPOSAL DATED JUNE 11 WITH IMMEDIATE EFFECT.CHINA BIOLOGIC - BOARD FORMED SPECIAL COMMITTEE TO NEGOTIATE, EVALUATE SHARE PURCHASE AGREEMENTS, TRANSACTIONS CONTEMPLATED THEREBY.CHINA BIOLOGIC - CENTURIUM, CITIC, HILLHOUSE, PW MEDTECH TO BUY 3.1 MILLION, 1 MILLION, 1 MILLION, 800,000, NEWLY ISSUED SHARES AT $100.90/SHARE.CHINA BIOLOGIC - UPON RECOMMENDATION OF SPECIAL COMMITTEE UNANIMOUSLY APPROVED SHARE PURCHASE AGREEMENTS AND TRANSACTIONS CONTEMPLATED THEREBY.CHINA BIOLOGIC - ON CLOSING, CENTURIUM, CITIC, HILLHOUSE, PWM TO BENEFICIALLY OWN ABOUT 7.76 PERCENT, 6.82 PERCENT, 6.63 PERCENT, 16.08 PERCENT OF CO'S TOTAL SHARES. 

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97.05
-0.14 -0.14%
18 Apr 2019