Mergers & Acquisitions ·
111, Inc. received an unsolicited preliminary non-binding proposal from co-founders Dr. Gang Yu and Mr. Junling Liu…
YI111, Inc.
111, Inc. received an unsolicited preliminary non-binding proposal from co-founders Dr. Gang Yu and Mr. Junling Liu, along with Huadeng Tech BioArray Ventures Ltd, to acquire all outstanding Class A ordinary shares not currently held by the buyers in a going-private transaction. The proposed purchase price is US$0.226 per share or US$4.52 per ADS, representing a 29.5% premium to the September 15 closing price and a 20% premium to the 60-day average. The buyer group intends to fund the acquisition using equity capital, including rollover equity from the co-founders and cash contributions from the sponsor, with no debt financing required. The Board has not yet evaluated the proposal or made any decisions regarding its response.