Brief: Tarena Enters Into Definitive Agreement For Going Private Transaction

VisionSys AI

30/04/2021 13:11

April 30 (Reuters) - Tarena International Inc  TEDU.O :
    * TARENA ENTERS INTO DEFINITIVE AGREEMENT FOR "GOING
PRIVATE"
TRANSACTION
    * TARENA INTERNATIONAL INC - TRANSACTION IMPLYING AN EQUITY
VALUE
OF COMPANY OF APPROXIMATELY US$230.6 MILLION
    * TARENA INTERNATIONAL INC - TRANSACTION IMPLYING AN EQUITY
VALUE
OF COMPANY OF APPROXIMATELY US$230.6 MILLION
    * TARENA INTERNATIONAL INC - MERGER CONSIDERATION WILL BE
FUNDED
THROUGH CASH CONTRIBUTION BY ASCENDENT CAPITAL PARTNERS III,
L.P. OR ITS AFFILIATES
    * TARENA INTERNATIONAL INC - CO ENTERED INTO AN AGREEMENT
AND PLAN
OF MERGER WITH KIDEDU HOLDINGS LIMITED AND ITS UNIT KIDARENA
MERGER SUB
    * TARENA INTERNATIONAL - MERGER WILL RESULT IN CO BECOMING
PRIVATELY HELD COMPANY, ITS ADSS WILL NO LONGER BE LISTED ON
NASDAQ GLOBAL SELECT MARKET

Source text for Eikon:  ID:nPn6rLsjza 
Further company coverage:  TEDU.O 

 ((Reuters.Briefs@thomsonreuters.com;))