Little Sheep approves Yum! deal
Source: Xinhua |
January 9, 2012, Monday
|
Print Edition
Print Edition
SHAREHOLDERS of China's leading domestic hot pot chain, Little Sheep Group Ltd (Little Sheep), have approved a takeover proposal by Yum! Brands Inc (Yum!).
Under the proposal, Yum! will offer Little Sheep independent shareholders HK$6.50 (83 US cents) per share, and will offer HK$4.39 each to holders of Little Sheep options to cancel the options, Yum! said in a press release on Friday.
Yum! will proceed with its takeover process by seeking the approval of the Grand Court of the Cayman Islands at a hearing on January 20.
The arrangement may go into effect on February 1 when Little Sheep will be privatized and become a Yum! subsidiary, the release said.
Under the proposal, Yum! will offer Little Sheep independent shareholders HK$6.50 (83 US cents) per share, and will offer HK$4.39 each to holders of Little Sheep options to cancel the options, Yum! said in a press release on Friday.
Yum! will proceed with its takeover process by seeking the approval of the Grand Court of the Cayman Islands at a hearing on January 20.
The arrangement may go into effect on February 1 when Little Sheep will be privatized and become a Yum! subsidiary, the release said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
