China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | March 02, 2017

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

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Deal News

Private equity firm PAG makes $616 million bid for Yingde co-founders' stake
Hong Kong-based private equity firm PAG has struck a deal with the three co-founders of Yingde Gases to buy their stake in the firm for $616 million, the latest twist in a months-long battle for control one of China's largest industrial gases company.


The bid would price Yingde shares at HK$6 apiece, exceeding an offer of HK$5.50 per share made by US-based industrial gas player Air Products in what would be the biggest U.S. takeover in China for a decade .

 

The bet smaller investors are making on Yingde now hinges on Air Products making a binding bid at HK$6.30...

Category: Daily Newsletter 

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