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In China, Go-Private Movement Gains Heft.

Authors :
TEJADA, CARLOS
Chen, Angela
Source :
Wall Street Journal - Eastern Edition. 6/18/2015, Vol. 265 Issue 141, pB1-B8. 2p. 1 Color Photograph.
Publication Year :
2015

Abstract

The article discusses a trend involving offers to take U.S.-traded Chinese companies private. According to the article, Internet-services provider Qihoo 360 Technology Co. received a buyout offer valued at over $9 billion from a group that included Qihoo chairman and chief executive officer (CEO) Zhou Hongyi in June 2015. The article states that gains in the Chinese stock market was fueling the go-private trend. The article also discusses offers for companies such as WuXI Pharma-Tech (Cayman) Inc., Homeinns Hotel Group, and Renren Inc.

Details

Language :
English
ISSN :
00999660
Volume :
265
Issue :
141
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
103278453