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China Biologic Management Makes $3.9 Billion Take-Private Offer

publication date: Aug 20, 2018

China Biologic Products, a blood plasma company, received a $3.9 billion privatization offer from a management-led consortium of investors, topping a $3.6 billion offer from CITIC two months ago. The management-led offer is $118 per share, while CITIC offered $110. The consortium noted the offer represents a 30% premium to the previous closing stock price and a 40% premium to the close before the CITIC bid. Goldman Sachs will support the consortium's fundraising efforts. More details....

Stock Symbol: (NSDQ: CBPO)

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