China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 15, 2017

A Newsletter on Deal Making in China | M&A . Investment Banking .VC . PE . Deals

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Deal News


Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram
Six weeks after billionaire Jack Ma’s Ant Financial announced a plan to take over MoneyGram International Inc., a little-known Kansas company is swooping in with a higher bid. Euronet Worldwide Inc. is offering $15.20 a share for the money-transfer service, topping Ant’s $13.25 per share.


The financial transaction provider Euronet Worldwide said on Tuesday that it had made an unsolicited bid to acquire MoneyGram for about $1 billion in cash, igniting a potential bidding war for the money-transfer firm.


Air Products’ Yingde Bid May Be Losing Air
Air Products & Chemicals’ asp...

By: ChinaDesk | January 06, 2017

A Newsletter on Deal Making in China

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Deal News

 

China Mengniu offers to buy out Modern Dairy for $826 million
China Mengniu Dairy Co Ltd has offered to buy out China Modern Dairy Holdings Ltd for $826 million in a deal that will help it secure a stable supply of raw milk. This follows China Mengniu's purchase of 965.47 million shares in Modern Dairy.

 

KKR and CDH Investments agreed to sell $241.5 million worth of shares in China Modern Dairy – which will see them fully exit a position they received when selling part of a greenfield cattle farming joint venture to Modern Dairy in 2015.

 

Modern Dairy gives Mengniu access to a plant in New Zealand and farms throughout China. Mengniu shares fell after the deal was announced Thursday morning...