Baring Lobs $105M Go-Private Proposal At Ambow Education

Law360, New York (March 18, 2013, 2:37 PM EDT) -- Ambow Education Holding Ltd. is fielding a go-private bid worth about $105 million from Baring Private Equity Asia Ltd., it said Monday, an offer that comes about two months after the firm — one of Asia's largest private equity investors — first bought into the company.

Under the offer's terms, investors in the Chinese education provider would receive $1.46 per American depositary share, nearly a 45 percent premium over the company's Friday close. The deal would also provide a 73-cents-per-share payout to the holders of ordinary...
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