Deals
21Vianet Jumps as It Joins China Peers in Going-Private Wave
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21Vianet Group Inc. surged the most in eight months in New York after the Chinese data-center operator said a buyout group led by its chief executive officer offered to take the company private.
The American depositary receipts advanced 9.7 percent on Wednesday to $21.85, the highest close since Nov. 4. The offer of $23 per ADR from a group including CEO Josh Chen, Kingsoft Corp. and Tsinghua Unigroup International Co. represents a 16 percent premium over Tuesday’s closing level. Trading volume of 4 million shares was five times the full-day average of the past three months.