Edition:
India

Gridsum Announces Receipt Of Preliminary Non-Binding Proposal


Tuesday, 16 Jul 2019 

July 16 (Reuters) - Gridsum Holding Inc ::GRIDSUM ANNOUNCES RECEIPT OF PRELIMINARY NON-BINDING PROPOSAL.GRIDSUM HOLDING INC - RECEIPT OF NON-BINDING PROPOSAL TO ACQUIRE THE CO IN A GOING PRIVATE TRANSACTION FOR US$3.80 IN CASH PER ADS.GRIDSUM - RECEIVED A PRELIMINARY NON-BINDING PROPOSAL LETTER FROM CEO GUOSHENG QI, COO GUOFA YU, THEIR AFFILIATED ENTITIES & BETA DYNAMIC LIMITED.GRIDSUM - ACCORDING TO PROPOSAL LETTER, THE CONSORTIUM MEMBERS INTEND TO FINANCE THE TRANSACTION WITH A COMBINATION OF DEBT AND EQUITY CAPITAL.GRIDSUM - DEBT FINANCING IS EXPECTED TO BE PROVIDED BY LOANS FROM THIRD PARTY FINANCIAL INSTITUTIONS..GRIDSUM - EQUITY FINANCING WILL BE PROVIDED BY THE CONSORTIUM MEMBERS IN THE FORM OF CASH AND ROLLOVER EQUITY IN THE CO.GRIDSUM - NO DECISIONS HAVE BEEN MADE OF ANY KIND WITH RESPECT TO THE COMPANY'S RESPONSE TO THE TRANSACTION.. 

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2.02
-0.09 -4.27%
20 Sep 2019