China Life Insurance Restarts Takeover Battle for iKang
June 17, 2016 at 10:55 AM EDT
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: // //