Chinese Ad Firm To Evaluate Founder's $183M Buyout Bid

Law360, New York (October 4, 2013, 11:10 AM EDT) -- Charm Communications Inc., the ad agency that recently became the latest Chinese company to receive a take-private offer from its founder, said Friday that it has formed a committee to evaluate the private equity-backed bid that values the company at $183 million.

He Dang, who also serves as Charm's chief executive, lobbed a proposal last Monday that would provide shareholders a cash payout of $4.70 per American depositary share, a 17.2 percent premium over the company's most recent close.

Other founding shareholders in Charm are also...
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