xueda education gr-spon adr
(XUE:New York Consolidated)
Transactions by XUEDA EDUCATION GR-SPON ADR (XUE) in the last 6 months
Xiamen Insight Investment Co.,Ltd (SZSE:000526) made an offer to acquire Xueda Education Group (NYSE:XUE) for approximately $170 million in cash on April 20, 2015. As per the terms, Xiamen Insight Investment offered $1.19 for each ordinary share or $3.38 for each American Depositary Share of Xueda Education Group. The proposed offer is subject to approval by the Board of Directors and shareholders of Xiamen Insight Investment.
Xin Jin entered into a share purchase agreement to acquire 6.92% stake in Xueda Education Group (NYSE:XUE) for $10.1 million on March 15, 2015. Under the terms of agreement, Xin Jin agreed to purchase 6.6 million ordinary shares and 1 million ADS (American Depositary Shares) of Xueda Education at a purchase price of $1.175 per ordinary share and $2.35 per ADS. Upon the ordinary share closing, Xin Jin shall hold 1 million ADSs, representing 2 million ordinary shares of ...
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