Chindata Group Enters into Definitive Agreement For 'Going Private' Transaction For $4.30/Share In Cash
Portfolio Pulse from Benzinga Newsdesk
Chindata Group has entered into a definitive agreement for a 'going private' transaction at $4.30 per share in cash.
August 11, 2023 | 8:32 pm
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Chindata Group's 'going private' transaction at $4.30 per share in cash may impact its stock price.
The 'going private' transaction means that Chindata Group's shares will no longer be publicly traded. This could lead to a decrease in liquidity and potentially a decrease in the stock price. However, the price of $4.30 per share in cash could provide a floor for the stock price in the short term.
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