Tarena International: Jumps after founder's buyout offer
08/12/2020 11:54
** U.S.-listed shares of Chinese education services provider
TEDU.O surge 20.3% to $3.7 premarket on $4/shr buyout offer
** Co receives acquisition proposal from founder and
chairman, Shaoyun Han to buy all of TEDU's publicly held shares
** Buyout offer of $4 per share in cash implies a premium of
27% to stock's last close
** TEDU to form a special committee of the Board to consider
the proposed deal urn:newsml:reuters.com:*:nPn69cw8ma
** Up to Tuesday's close, stock up ~60% YTD
(Reporting by Shivani Kumaresan in Bengaluru)
((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))