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BRIEF-Dada Enters Into Definitive Agreement For “Going Private” Transaction

Reuters
04-01
BRIEF-Dada Enters Into Definitive Agreement For “Going Private” Transaction

April 1 (Reuters) - Dada Nexus Ltd DADA.O:

  • DADA ENTERS INTO DEFINITIVE AGREEMENT FOR “GOING PRIVATE” TRANSACTION

  • DADA NEXUS LTD - ENTERS MERGER AGREEMENT WITH JD SUNFLOWER

  • DADA NEXUS LTD - MERGER TO BE FULLY FUNDED BY JD.COM INTERNATIONAL

  • DADA NEXUS LTD - TO BECOME WHOLLY OWNED SUBSIDIARY OF JD SUNFLOWER INVESTMENT

  • DADA NEXUS LTD - EACH DADA ADS TO RECEIVE $2.0 IN CASH AS PART OF DEAL CONSIDERATION

  • DADA NEXUS- EACH DADA SHARE TO RECEIVE $0.5 IN CASH WITHOUT INTERST AS PART OF DEAL CONSIDERTAION

Source text: ID:nGNX9MLBQD

Further company coverage: DADA.O

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