111 Inc - ADR

NASDAQ:YI   3:59:50 PM EDT
-0.12 (-3.97%)
Mergers / Acquisitions

111 Inc. Receives Unsolicited Preliminary Non-Binding Proposal To Acquire The Company

Published: 09/09/2022 10:11 GMT
111 Inc - ADR (YI) - 111 Inc. Receives Unsolicited Preliminary Non-binding Proposal to Acquire the Company.
111 - Proposal Includes Acquisition of All Outstanding Class A Ordinary Shares, Including Shares Represented by Adss in Going-private Transaction.
111 - Proposed Purchase Price of Us$1.83 per Class A Share Or Us$3.66 per Ads in Cash in Going-private Transaction.
111 - According to Proposal, Buyer Group Intends to Fund Consideration Payable to Consummate Transactions Contemplated in Proposal With Equity Capital.
111 Inc - Equity Financing is Expected to Be Provided in Form of Rollover Equity in Co & Cash Contributions From Sponsor Or Its Affiliates.