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3SBio Ups its Take-Private Offer as Opposition Rises

publication date: Apr 23, 2013
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3SBio received a much-higher offer from the consortium that wants to take the company private. The offer now stands at $16.70 per ADS, up from $15.40. Rumors have surfaced that other bidders would bid up to $20 per ADS. But 3SBio effectively quashed the offers by threatening that the majority of senior management would leave the company unless the winning consortium includes 3SBio’s Chairman/CEO, Jing Liu. Dr. Liu is the man behind the original offer and the now-increased bid. More details....

Stock Symbol: (NSDQ: SSRX)

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