Tarena Enters into Definitive Agreement for Going Private Transaction
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BEIJING, April 30, 2021 /PRNewswire/ Tarena International, Inc. (Nasdaq: TEDU) ( Tarena or the Company ), a leading provider of professional education and K-12 education services in China, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement ) with Kidedu Holdings Limited ( Parent ) and Kidarena Merger Sub, a wholly owned subsidiary of Parent ( Merger Sub ). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the Merger ), in a transaction implying an equity value of the Company of approximately US$230.6 million.
Tarena Enters into Definitive Agreement for Going Private Transaction
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Höegh LNG Holdings Ltd has announced a recommended offer by Leif Höegh & Co. Ltd (LHC) and Funds managed by Morgan Stanley Infrastructure Partners (MSIP) through a 50/50 joint venture, Larus Holding Limited (JVCo), to acquire the remaining issued and outstanding shares of the Company not currently owned by LHC or its affiliates, representing approximately 50.4% of the shares outstanding, by way of amalgamation between Larus Limited, a subsidiary of JVCo (BidCo), and the Company. All of the Company’s shares (other than those owned by LHC and its affiliates) will be cancelled for a consideration in cash of NOK 23.50 per share (the ‘Transaction’) pursuant to an amalgamation agreement entered into between the Company and BidCo (the ‘Amalgamation Agreement’). Immediately following the completion of the Transaction, the amalgamated company would be wholly-owned by JVCo, and the common shares of Höegh LNG Holdings Ltd will be delisted from the Oslo Stock Exchange