BUYOUTS: Autohome, E-House Drive Back to China
Bottom line: Autohome and E-House are both likely to complete their privatizations from New York, continuing the migration of US-listed Chinese firms returning home to seek higher valuations on China’s...
View ArticleBUYOUTS: 21Vianet Tries Bonds as Privatization Stalls
Bottom line: 21Vianet’s new convertible bond indicates it may be abandoning its previous plan to privatize from New York, and could help to boost its shares by bringing in more investors from China....
View ArticleBUYOUTS: Rival Bid Worries Heat Up Zhaopin, Autohome Deals
Bottom line: Zhaopin’s slight raising of its privatization price could reflect minority investor complaints about undervaluation, while Autohome’s buyout price could rise up to 20 percent in a game of...
View ArticleBUYOUTS: Privatizing Shares Tank on Talk of Homecoming Chill
Bottom line: Many privatization bids by Chinese firms hoping to re-list in China could collapse if the CSRC cracks down on backdoor listings, though de-listing plans backed by big private equity names...
View ArticleBUYOUTS: Autohome, iKang, Wanda in Twisted Buyout Tales
Bottom line: Privatization plans by Autohome and iKang will face long delays due to shareholder resistance and rival bids, while Wanda Commercial’s similar buyout will proceed soon after some technical...
View ArticleBUYOUTS: Wanda’s Offer, eLong’s Exit, Yongle’s Backdoor
Bottom line: Dalian Wanda’s de-listing plan from Hong Kong is likely to succeed, while eLong could re-list in China and become the travel services provider for WeChat following its New York...
View ArticleBUYOUTS: YY Becomes First to Scrap Privatization
Bottom line: YY’s abandonment of its privatization plan and concurrent share buyback look like savvy moves to build confidence and attract attention from investors, and could soon be followed by...
View ArticleBUYOUTS: iKang War Re-heats, 21Vianet in Stealth De-Listing?
Bottom line: A new China Life bid for iKang could trump Yunfeng, while 21Vianet could be mounting a stealth privatization bid that would see it slowly sell most of its shares to big buyers before...
View ArticleBUYOUTS: Autohome Fades on Management Exodus, Ku6 Bows
Bottom line: Autohome’s shares will come under pressure after a mass defection of its middle management, most likely to start a rival company, while Ku6 is likely to close shop within the next 2 years...
View ArticleLEISURE: Wanda Ups Carmike Bid, Gets Boost from China Life
Bottom line: Wanda may need to raise its offer price again to buy Carmike, while a plan to privatize its property unit stands a good chance of winning shareholder approval. Wanda ups Carmike bid...
View ArticleBUYOUTS: Investor Blasts Unfinished Buyouts at Jumei, iKang
Bottom line: Jumei could formally abandon its stalled buyout plan soon, putting more downward pressure on its stock, while iKang needs to enter serious negotiations with two bidders for the company....
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