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Sunday, February 2, 2014

Great trade : Shanda Games (GAME) (1/14)

  • 11/18/15:  Shanda Games (GAME) became a privately held company and its American depositary shares, each representing two Class A ordinary shares, are no longer listed on NASDAQ.

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= Shanda Games (GAME) receives $6.90/share going-private offer from parent Shanda Interactive and an affiliate of Chinese investment firm Primavera Capital. The offer, meant to be financed through a combo of equity and debt, values Shanda Games at $1.9B, or $6.90/share. (PR)Shanda's board is evaluating the offer; the would-be acquirers already own 76.2% of the company.

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