China Life Insurance Restarts Takeover Battle for iKang

The takeover battle for China health clinic operator iKang is back on, according to an article in Caixin. China Life Insurance is offering slightly more than $20 per share for iKang, the online business publication said. Previously China Life was bidding for iKang as part of a syndicate that included iKang's management and Yunfeng Capital, a private equity firm co-founded by Alibaba's Jack Ma. Two weeks ago, Yunfeng seemed to have won the fight by breaking away from the syndicate and offering $20-$25 per ADS on its own. The other two bidding groups backed away, rather than take on Yunfeng. More details.... Stock Symbols: (NSDQ: KANG) (NYSE: BABA) Share this with colleagues: // //