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CD - Chindata announces receipt of 'Take Private' proposal
Chindata Group Holdings Limited
2023-07-13 06:11:14 ET
China Merchants Capital Holdings has made an offer to acquire all of the outstanding shares of Chindata Group Holdings ( NASDAQ: CD ) for $4.6/share or $9.2/ADS in cash.
Bain Shareholders who own 87.39% of the total voting power of the Company do not intend to sell any shares owned by them.
The special committee has been formed to consider and evaluate all options for maximizing shareholder value with the assistance of the special committee’s independent financial and legal advisors.