Cool 6 ultimate privatization agreement with Grand-cool 6, Grand, privatization-IT information
On April 5, 6 Media announced today that the Grand investment holding limited and cool 6 acquisitions limited (wholly-owned subsidiary Royal) reached the end of the privatization agreement.
Under the agreement, Grand common stock per share $ 0.0108 (per share United States depository $ 1.08 a share) cash cool 6 media. The acquisition price is a cool 6 media January 29, 2016 United States depository shares closing premium 54%, compared to the 30 trading days before the January 29 closing price premium of 42%, before January 29 60 52% premium to the average closing price of the transaction.
At present, the Grand has 6 media 69.9% shares. Grand said, will use the cash to finance the privatization deal. 6 Media Board of Directors has approved the privatization deal, both sides expect the deal to be completed in 2016, the second half of. After the transaction is completed, 6 media will become a privately-held company, and its shares will be delisted from the NASDAQ Global market.
Under the deal, Dao Heng (Duff & Phelps, LLC) and Dao Heng securities (Duff & Phelps Securities, LLC) for cool 6 media financial advisers, and Weil, Gotshal & Manges LLP United States counsel Harney Westwood & Riegels as legal counsel in the Cayman Islands.
And Akin Gump Strauss Hauer & Feld LLP as legal counsel of the Dao Heng. Davis Polk & Wardwell LLP for the big United States counsel, Conyers Dill & Pearman as the legal adviser to the Grand Cayman Islands.
6 Media announced on February 1 this year, received from privatization of the big group of controlling shareholders agreement. According to the agreement, cool 6 privatization of media per share price of us $ 0.0108, or 1.08 dollars per ADS. Based on the quote, cool 6 media with a total valuation of $ 51.5 million.
酷6与盛大达成最终私有化协议 - 酷6,盛大,私有化 - IT资讯
4月5日，酷6传媒今日宣布，已与盛大投资控股有限公司和酷6收购有限公司(盛大全资子公司)达成最终的私有化协议。
根据该协议，盛大将以每股普通股0.0108美元(相当于每股美国存托股1.08美元)的现金收购酷6传媒。该收购价格较酷6传媒2016年1月29日美国存托股收盘价溢价54%，较1月29之前30个交易日的平均收盘价溢价42%，较1月29之前60个交易的平均收盘价溢价52%。
目前，盛大拥有酷6传媒69.9%的发行股。盛大表示，将利用手中现金来资助该私有化交易。酷6传媒董事会已批准该私有化交易，双方预计，该交易将于2016年下半年完成。交易完成后，酷6传媒将变成一家私人控股公司，其股票将从纳斯达克全球市场退市。
在该交易中，道衡(Duff & Phelps, LLC)及道衡证券(Duff & Phelps Securities, LLC)为酷6传媒的财务顾问，Weil, Gotshal & Manges LLP为美国法律顾问，Harney Westwood & Riegels为开曼群岛法律顾问。
而Akin Gump Strauss Hauer & Feld LLP为道衡法律顾问。Davis Polk & Wardwell LLP为盛大的美国法律顾问，Conyers Dill & Pearman为盛大的开曼群岛法律顾问。
酷6传媒今年2月1日宣布，收到来自控股股东盛大集团的私有化协议。根据这份协议，酷6传媒私有化的价格为0.0108美元每股，或1.08美元每ADS。基于该报价，酷6传媒的总估值为5150万美元。