Mindray Enters into Definitive Merger Agreement for Going Private Transaction

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Go back to Mindray Enters into Definitive Merger Agreement for Going Private Transaction

Excelsior Union to Acquire Mindray Medical (MR) for $28/ADS

November 4, 2015 6:55 AM EST

Mindray Medical (NYSE: MR) announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Excelsior Union Limited ("Parent") and Solid Union Limited ("Merger Sub"), pursuant to which Parent will acquire the Company for cash consideration equal to US$28.0 per ordinary share of the Company (a "Share") or US$28.0 per American Depositary Share, each representing one Share (an "ADS"), in a transaction valuing the Company at approximately US$3.3 billion, on a fully diluted basis. This price represents a premium of 1.9% over the Company's closing price of US$27.47... More