China Biologic Products Holdings (CBPO) gets offer from former CEO-led consortium

  • August 20, 2018

POTENTIAL DEAL DETAILS

StockChina Biologic Products Holdings, Inc.SymbolCBPO
Date Announced08/17/2018Source Press Release
TypeUnsolicited BidAcquiring Company/Person former CEO-led consortium

China Biologic Products Holdings (CBPO) received a $3.9 billion all-cash offer from a consortium of investment firms led by the company’s former chief executive David Gao. The consortium, which includes GL Capital Group, Bank of China Group Investment Limited and CDH Investments, said it offered $118 per share, which represents a premium of 7.68 percent to China Biologic’s Friday closing price.

Update(s):

August 24, 2018: The Company announced that the Board has unanimously decided to reject the previously announced preliminary non-binding proposal from the consortium consisting of Feng Tai Global Limited, a company beneficially owned by Mr. David (Xiaoying) Gao, the former Chairman and CEO of the Company, GL Sandrose Investment L.P., World Investments Limited and CDH Utopia Limited.

 

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