| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for NQ Mobile Inc. > News item |
NQ Mobile board gets non-binding proposal to acquire company shares
By Caroline Salls
Pittsburgh, July 30 – NQ Mobile Inc.’s board of directors received a non-binding proposal from Bison Capital Holding Co. Ltd. to acquire all of NQ’s outstanding ordinary shares and American Depositary Shares (ADS) with a proposed a fixed cash consideration of $9.80 per ADS, according to a news release.
The company said each ADS represents five ordinary shares.
NQ said the board is reviewing the proposed transaction and may retain independent advisers to assist it in its work. No decisions have been made by the board on its response to Bison’s proposal.
NQ is a provider of mobile internet services with dual headquarters in Dallas and Beijing.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.