Edition:
India

SORL Auto Parts Entered Into An Agreement And Plan Of Merger With Ruili International Inc


Friday, 29 Nov 2019 

Nov 29 (Reuters) - Sorl Auto Parts Inc ::SORL AUTO PARTS - HAS ENTERED INTO AN AGREEMENT AND PLAN OF MERGER WITH RUILI INTERNATIONAL INC.SORL AUTO PARTS INC - MERGER CONSIDERATION OF US$4.72 PER SHARE OF COMMON STOCK.SORL AUTO PARTS INC - ENTERS INTO DEFINITIVE MERGER AGREEMENT FOR "GOING PRIVATE" TRANSACTION.SORL AUTO PARTS - BOARD OF DIRECTORS OF SORL UNANIMOUSLY APPROVED MERGER AGREEMENT AND TRANSACTIONS CONTEMPLATED BY MERGER AGREEMENT.SORL AUTO PARTS - MEMBERS OF CONSORTIUM OTHER THAN RUILI GROUP CO, BENEFICIALLY OWN IN AGGREGATE ABOUT 58.83% OF CO'S STOCK.SORL AUTO PARTS INC - MEMBERS OF CONSORTIUM OTHER THAN RUILI GROUP CO AGREED TO VOTE IN FAVOR OF MERGER.SORL AUTO PARTS INC - CO WILL CONTINUE AS SURVIVING CORPORATION POST MERGER AND A WHOLLY-OWNED SUBSIDIARY OF RUILI INTERNATIONAL INC. 

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