CRIENGLISH.com Web Editor: Zhang
Chinese display-advertising provider Focus Media said it received a bid from a group of investors, including its chief executive and private equity firm Carlyle Group. The bid values the company at 3.49 billion dollars.The company's board has formed a committee of independent directors to consider the offer. The transaction will be financed with a combination of debt and equity capital.The offer for Focus Media is the latest in a string of management-led buyouts of U.S.-listed Chinese companies, as executives look to take advantage of big discounts to peers on the Hong Kong and Chinese stock markets. -Paul Gillis, Professor of Practice and Co-Director of the International MBA program at Peking University's Guanghua School of Management. -Winston Wang, Managing Director of Shipston Group Limited an international Private Equity firm. -Michael Liu, Of Counsel with Hylands Law Firm. Panel Discussion:
Global Talk: Today's events include the impact of the UN Secretary General's visit to Iran, Syria's President saying he needs more time to deal with Rebels, The days speeches at the US Republican Convention, Mexico ordering the arrest of a former Governor on Drug charges, and Egypt sending more troops into the Sinai and much more.
CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. No person, organization and/or company shall reproduce, disseminate or broadcast the content in any manner whatsoever without the express written permission of CRIENGLISH.com.
CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.