Wind turbine manufacturer China Ming Yang Wind Power Group announced Wednesday that it has entered into a definitive merger agreement on February 2, to be acquired by a consortium of investors in an all-cash transaction valued at approximately $408 million.
The consortium includes Chuanwei Zhang, Ming Yang’s Chairman and Chief Executive Officer, and certain of his affiliates, Dajun Guangcheng Capital Fund and Guangzhou Huifu Kaile Investment.
The consortium intends to fund the merger through a combination of cash contributions from the investors.
The Company’s board of directors approved the Merger Agreement and the merger and resolved to recommend that its shareholders vote to authorize and approve the deal.
The merger, which is currently expected to close during the first half of 2016, is subject to customary closing conditions.
Full content: Street Insider
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
FCC Set to Reinstate Net Neutrality Rules Today
Apr 25, 2024 by
CPI
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI