Car rental firm eHi receives non-binding acquisition proposal
eHi Car, a leading car rental and car services company in China, announced that it has received a preliminary non-binding proposal letter from Goliath Advisors, a China-based investment fund.
According to the Proposal Letter, Goliath has proposed to acquire all outstanding common shares of the Company for USD 13.35 in cash per American depositary share of the Company (each representing two Class A common shares) or USD 6.675 in cash per common share of the Company.
The Board plans to evaluate the Proposal Letter. The Board cautions the Company's shareholders and others considering trading in its securities that the Board just received the Proposal Letter and no decisions have been made with respect to the Company's response to the Proposal Letter and the transaction contemplated thereby.
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