Focus Media Eyes $3.5B Buyout Offer From PE Firms, CEO
The unsolicited cash proposal, received Sunday, would take the company private for $27 per American depositary share, according to the Shanghai-based agency. Based on that per-unit price, the offer represents a 16 percent premium over Friday’s close and a 31.5 percent premium over the stock’s 60-day average.
Investment firms in...
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