Brief: 111 Inc. Receives Unsolicited Preliminary Non-Binding Proposal To Acquire The Company

111

09/09/2022 11:06

Sept 9 (Reuters) - 111 Inc  YI.O :
    * 111 INC. RECEIVES UNSOLICITED PRELIMINARY NON-BINDING
PROPOSAL
TO ACQUIRE THE COMPANY
    * 111 - PROPOSAL INCLUDES ACQUISITION OF ALL OUTSTANDING
CLASS A
ORDINARY SHARES, INCLUDING SHARES REPRESENTED BY ADSS IN
GOING-PRIVATE TRANSACTION
    * 111 - PROPOSED PURCHASE PRICE OF US$1.83 PER CLASS A SHARE
OR
US$3.66 PER ADS IN CASH IN GOING-PRIVATE TRANSACTION
    * 111 - ACCORDING TO PROPOSAL, BUYER GROUP INTENDS TO FUND
CONSIDERATION PAYABLE TO CONSUMMATE TRANSACTIONS CONTEMPLATED IN
PROPOSAL WITH EQUITY CAPITAL
    * 111 INC - EQUITY FINANCING IS EXPECTED TO BE PROVIDED IN
FORM OF
ROLLOVER EQUITY IN CO & CASH CONTRIBUTIONS FROM SPONSOR OR ITS
AFFILIATES

Source text for Eikon:  ID:nPn8wcGZda 
Further company coverage:  YI.O 

 (Reporting by Pratik Jain)
 ((Pratik.Jain@thomsonreuters.com;))