Weil Guides Sequoia In $183M Chinese Veggie Grower Buy

Law360, New York (May 24, 2013, 6:40 PM EDT) -- Sequoia Capital China and three company insiders on Thursday offered to buy Hong Kong-based vegetable grower Le Gaga Holdings Ltd. for $183 million, the second take-private deal for a U.S.-listed Chinese company in a week.

Sequoia, CEO Shing Ma, board chair Na Chiu and an entity controlled by director Neil Nanpeng Shen will pay $4.01 per American depositary share, each worth 50 ordinary shares of the company. The deal still isn't financed, though Sequoia said it was talking to several lenders interested in providing debt....
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