Ruhnn (RUHN) Announces Receipt of Preliminary Non-Binding “Going Private” Proposal

POTENTIAL DEAL DETAILS

Stock Ruhnn Holding Limited Symbol RUHN
Date Announced 11/25/2020 Source Press Release
Type Unsolicited Bid Acquiring Company/Person RUNION Holding Limited
Date of Confirmation: 02/03/2021 Price at Confirmation: $3.04
Potential Profit: 5.19% Annualized Profit: 27.06%

Ruhnn Holding Limited (RUHN), a leading internet key opinion leader facilitator in China, today announced that its board of directors (the “Board”) has received a preliminary non-binding proposal letter, dated November 25, 2020, from three founders of the Company, Min Feng, Lei Sun and Chao Shen (together with their respective affiliates, the “Buyer Group”).

Update(s):

February 03, 2021: Ruhnn Holding Limited (RUHN), a leading internet key opinion leader facilitator in China, today announced that it has entered into an Agreement and Plan of Merger with RUNION Holding Limited and RUNION Mergersub Limited , a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company, with the Company continuing as the surviving entity and becoming a wholly owned subsidiary of Parent , in a transaction implying an equity value of the Company of approximately US$296.4 million.

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.

Leave A Comment

You must be logged in to post a comment.