(Reuters) - SHANGHAI, June 12 - U.S.-based Jana Partners LLC
has won the bidding for a 30 percent stake in Shenyang Machine
Tool Co. Ltd., China's largest lathe maker, in a rare
acquisition in China for an overseas hedge fund.
The deal with Jana Shenyang Holdings Corp., a vehicle set up
by the activist hedge fund to buy the stake, still requires
regulatory approval, said a unit of the Chinese company, Jiaoda
Kunji High-Tech Co. , which announced the bidding
result on Tuesday.
Read more at Reuters.com Government Filings News
has won the bidding for a 30 percent stake in Shenyang Machine
Tool Co. Ltd., China's largest lathe maker, in a rare
acquisition in China for an overseas hedge fund.
The deal with Jana Shenyang Holdings Corp., a vehicle set up
by the activist hedge fund to buy the stake, still requires
regulatory approval, said a unit of the Chinese company, Jiaoda
Kunji High-Tech Co. , which announced the bidding
result on Tuesday.
Read more at Reuters.com Government Filings News
No comments:
Post a Comment