Mindray Management Group Lowers Privatization Offer to $27 per ADS

Mindray Medical, the Shenzhen medical device company, reported a management-led group has lowered its offer to take the company private to $27 per ADS, a 10% drop from the $30 bid the group made in June. The revised offer values the company at $3.2 billion. The company's announcement did not give any reasons why the group lowered its offer. However, Mindray's growth rate has slowed to almost zero, and the outlook for China's economy has deteriorated, making the economic logic behind go-private transactions seem increasingly risky. More details.... Stock Symbol: (NYSE: MR) Share this with colleagues: // //