AsiaInfo-Linkage (ASIA) Agrees to Be Acquried by CITIC Capital for $12/Share

AsiaInfo-Linkage, Inc. (NASDAQ: ASIA) and CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Ltd. announced today the signing of a definitive merger agreement under which AsiaInfo-Linkage will be acquired by a private investor consortium led by CITIC Capital Partners.

Under the terms of the merger agreement, upon completion of the acquisition the stockholders of AsiaInfo-Linkage will receive US$12.00 in cash for each AsiaInfo-Linkage share of common stock they hold. This per share price values AsiaInfo-Linkage at approximately US$890 million, represents a 52% premium over the closing price on January 11, 2012, the last trading day prior to AsiaInfo-Linkage's receipt of a "going private" proposal from CITIC Capital Partners, and represents a 53% premium over the 30-trading day volume weighted average price as of the same date.

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