Chindata Group soars on proposed takeover offer

Chindata group

07/06/2023 11:24

**  U.S.-listed shares of Chinese data center solutions
provider Chindata Group Holdings Ltd  CD.O  rises 13.1% to $7.10
premarket
    ** Co says received preliminary non-binding proposal letter
from Bain Shareholders
    ** Proposal to acquire all outstanding ordinary shares of co
not already owned by Bain Shareholders, for $4.0 in cash/share
or US$8.0 in cash/ADS
    ** Up to last close, U.S-listed shares had fallen 21.20% YTD

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com))