bullish
Hina/IBC's Non-Binding Proposal For VNET
880 Views12 Apr 2022 16:50
Trading at a 14.3% gross spread to terms. It's indicative. And opportunistic. But still worth a punt around these levels.
Boomeranged on Fri, 17 Nov 2023 12:10
Shandong Hi-Speed Holdings (412 HK) is investing US$299mn (@US$0.497/share) in VNET to take a 42.12% stake on a fully diluted basis, and 35.7% of the voting rights. This needs SDGH shareholder approval (simple majority), and SAMR sign-off. Blackstone affiliate Vector Holdco has first right of refusal. No mention in the announcement on prior Offers.
SUMMARY
(Sign Up to Access)Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 5-minute read)
Discussions
(Paid Plans Only)
- VNET: Management's Low-Balled Non-Binding Proposal14 Sep 2022
- Hina/IBC's Non-Binding Proposal For VNET12 Apr 2022
x