E-Commerce China Dangdang (DANG) Completes Merger; Requests Suspension of ADS Trading on NYSE
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E-Commerce China Dangdang Inc. Announces Completion of Merger
September 20, 2016 4:15 PM EDTBEIJING, Sept. 20, 2016 /PRNewswire/ -- E-Commerce China Dangdang Inc. (NYSE: DANG) (the "Company" or "Dangdang"), a leading business-to-consumer e-commerce company in China, today announced the completion of its merger (the "merger") with Dangdang Merger Company Limited ("Merger Sub"), a wholly-owned subsidiary of Dangdang Holding Company Limited ("Parent"), pursuant to the agreement and plan of merger (the "merger agreement") dated May 28, 2016 by and among Parent, Merger Sub and the Company. As a result of the merger, the Company ceased to be a publicly traded company and became a wholly-owned subsidiary of... More
Sadis & Goldberg LLP Retained by Client to Investigate Unfair Merger Price and Possible Legal Violations at Dangdang Inc.
September 17, 2016 6:34 AM EDTNEW YORK, Sept. 6, 2016 /PRNewswire/ -- Sadis & Goldberg LLP has been retained by a client to investigate potential breaches of fiduciary duties and an unfair price offered by CEO Guoqing Li and Chairwoman Peggy Yu in a management going-private merger to acquire Dangdang Inc. (ADR ticker "DANG"). The investigation focuses on allegations that Mr. Li and Ms. Yu engaged in unfair dealing and are offering an unfair price in their proposed management, going-private acquisition of Dangdang, which is set for a shareholder vote on September 12,... More
