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InsideArbitrage Potential Deal Alert: Chindata Group (CD) approached by Bain Capital (BCSF)

  • June 9, 2023


StockChindata GroupSymbolCD
Date Announced06/07/2023Source Reuters
TypeUnsolicited BidAcquiring Company/Person China Merchants Group
Date of Confirmation: 08/11/2023Price at Confirmation: $8.11
Potential Profit: 16.86%Annualized Profit: 94.67%

Chindata Group (CD) said that investor Bain Capital (BCSF) has offered to take the Chinese data center operator private in a deal valuing the company at $2.93 billion.


July 10, 2023: An arm of state-owned conglomerate China Merchants Group has made a $3.4 billion takeover bid for Chindata Group Holdings Ltd., setting up a bidding war for the Asian data center operator.

July 12, 2023: China Merchants Capital Holdings has made an offer to acquire all of the outstanding shares of Chindata Group Holdings (CD) for $4.6 per share or $9.2 per ADS in cash.

August 6, 2023: According to Bloomberg, Bain Capital is moving closer to a potential agreement to take Chindata Group Holdings Ltd. (CD) private

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.