Posted inBeijing, China, World

Alibaba, Intime founder offer US$2.55bn to take retailer private

Alibaba Group and the founder of Intime Retail Group have jointly bid to take the Chinese department store operator private for HK$19.79 billion (US$2.55 billion), they said on Tuesday. Alibaba Investment and Shen Guo Jun offered HK$10 per Intime share. That would represent 42.25% more than the stock’s last price of HK$7.03 on December 28 […]

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