Meinian Onehealth Tops Management's Offer for iKang Healthcare

Meinian Onehealth Healthcare has bid $1.5 billion to acquire iKang Healthcare, a provider of preventative healthcare services in China. Meinian, iKang's major competitor, is part of an investor group that offered $22 per ADS for iKang. That's 24% higher than iKang's own take-private deal, which proposed $17.80 per ADS. Ligang Zhang, iKang's Chairman who announced his offer in August, said over the weekend he would not sell his iKang shares to the Meinian group, whose offer he called "undoubtedly hostile." More details.... Stock Symbol: (NSDQ: KANG) Share this with colleagues: // //