On June 15, 2015 we introduced our Fosun International going private screen. As we mentioned, China-based company Fosun has invested in several firms that have received or consummated going private deal. This morning’s announcement that Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) received a going private offer of $77.00 per ADS, a 16% premium over yesterday’s closing price, highlights the benefit of this screen, since Fosun has an ownership stake in the company.
GeoTeam Expands its Coverage of US Listed China-based Company Going-Private Candidates
We are now expanding our going private screen offering to include names that Fosun has not invested in that may be going-private candidates. The screen is based on the knowledge of and in-house criteria developed by our expert China researchers. We currently are taking small bets in three Fosun invested companies and three other names not Fosun related.
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