Dada Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee
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Dada Nexus Limited has appointed Kroll, LLC as its financial advisor and Gibson, Dunn & Crutcher LLP as its U.S. legal counsel to assist the Special Committee in evaluating a preliminary non-binding proposal.
February 14, 2025 | 10:15 pm
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Dada Nexus Limited has engaged Kroll, LLC and Gibson, Dunn & Crutcher LLP to assist its Special Committee in evaluating a preliminary non-binding proposal, indicating potential strategic changes.
The appointment of financial and legal advisors suggests that Dada Nexus is seriously considering the proposal, which could lead to significant strategic changes. This is likely to positively impact the stock as it indicates proactive steps towards potential growth or restructuring.
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