* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Chindata Takeover Battle Looms as Bain Refuses to Sell Shares Under CMC Offer

July 16, 2023
in Technology
Chindata Takeover Battle Looms as Bain Refuses to Sell Shares Under CMC Offer
Share on FacebookShare on Twitter

chindata data centre ChinaNorth W01

Chindata’s ChinaNorth W01 data centre in Chaoyang district of Beijing

Chindata Group Holdings on Thursday acknowledged the receipt of two rival privatisation proposals from Bain Capital and state-backed China Merchants Capital, with Bain having reiterated that it doesn’t plan to sell any of its shares in the Beijing-based data centre operator.

US private equity major Bain told the NASDAQ-listed group’s board that it continues to believe its proposal represents “a compelling opportunity for the company’s shareholders, providing an attractive valuation with high degree of certainty”. Bain holds 42.17 percent of the issued and outstanding share capital of Chindata and 87.39 percent of the total voting power.

Altus - Development Feasibility Banner_780

After Bain made an offer in early June to buy the Chindata shares it does not already own for $8 per American depositary share, CMC countered this week with a proposal that would see the division of China Merchants Group acquire the company for $9.20 per ADS.

“We reaffirm that we do not intend to sell any shares beneficially owned by us in the company to any third party nor pursue any alternative transaction, and we remain fully committed to pursuing the acquisition contemplated by our proposal,” Bain said in a letter dated 12 July and released Thursday by Chindata’s board.

Weighing Offers

In its own letter to the Chindata board earlier this week, CMC said its plan presented a more compelling opportunity to shareholders with a chance to realise their investment at a higher price. CMC director Jian Guo gave assurances that CMC intends to retain key staff and accelerate Chindata’s growth strategies.

alex ju chindata

The Chindata saga took some twists after founder Alex Ju left his CEO post

Upon receiving Bain’s offer in June, Chindata’s board quickly announced the formation of a special committee to evaluate and consider the proposal, consisting of independent directors Thomas J Manning, Gang Yu and Weili Hong.

The board said Thursday that the special panel would consider and evaluate all options for maximising shareholder value with the assistance of independent financial and legal advisors.

“The company’s directors caution the company’s shareholders and others considering trading in the company’s securities that no decisions have been made with respect to the company’s response to either proposal,” the board said. “There can be no assurance that any definitive offer will be made, that any agreement will be executed or that either proposal or any other transaction will be approved or consummated.”

Prelude to a Bidding War

Last November, Bloomberg reported that state-owned China Merchants Group was exploring a takeover bid for Chindata, citing people familiar with the matter.

Chindata founder Alex Ju left his CEO post in late 2021, a little over a year after Bain led the company’s IPO with backing from institutional investors APG, BlackRock and the Canada Pension Plan Investment Board. Ju agreed to a “transition agreement” in which he would assume a non-executive role at the firm he established in 2015.

Huapeng Wu succeeded Ju as Chindata’s new CEO in March 2022. Wu joined Chindata in 2019 as head of the company’s domestic business and was credited with having strengthened the data centre operator’s customer network, telecom partnerships and government relations.

JLL - Equity Advisory banner

Chindata posted 56.8 percent year-on-year revenue growth and a 167.5 percent net income surge in the first quarter of 2023.

The total capacity of the company’s platform, which comprises data centres in China, India and Malaysia, rose by 27 megawatts to reach 898MW during the first three months of the year, up from 704MW in the same period of 2022.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/data-centres/chindata-takeover-battle-looms-as-bain-refuses-to-sell-shares/

Tags: Chindatatakeovertechnology
Previous Post

CK Asset $2.6B Sale of 21 Borrett Road Luxury Project Collapses in Hong Kong

Next Post

Wine Cooler Market Summary with Forecast Size, Share till 2030

Edward McNabb, pioneer of conservation bioacoustics and nocturnal ecology, died on May 7th, aged 81 – Butler Nature

Remembering Edward McNabb: Trailblazer in Conservation Bioacoustics and Nocturnal Ecology Passes Away at 81

August 5, 2025
Insider’s View: Europe can be a leader in AI for science – Science|Business

Insider’s View: Europe can be a leader in AI for science – Science|Business

August 5, 2025
The FDA is targeting orange juice. Here’s why, and what the science says. – The Boston Globe

Why the FDA Is Targeting Orange Juice-and What the Science Actually Reveals

August 5, 2025
Beyond Nutritional Deficiencies: Managing GLP-1 Side Effects With Lifestyle Interventions – Patient Care Online

Beyond Nutritional Deficiencies: Managing GLP-1 Side Effects With Lifestyle Interventions – Patient Care Online

August 5, 2025
Shaw Travels To China For World Games With U.S. Men’s National Team – hailstate.com

Shaw Joins U.S. Men’s National Team for Thrilling World Games Showdown in China

August 5, 2025

A Turbulent Week Rocks the American Economy

August 5, 2025
Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

August 5, 2025
Chatbots Can Trigger a Mental Health Crisis. What to Know About ‘AI Psychosis’ – Time Magazine

When Chatbots Spark a Mental Health Crisis: Unraveling the Enigma of ‘AI Psychosis

August 5, 2025

Why Young Adults Are Checking Out of Politics and Choosing Not to Vote

August 5, 2025
Future Trends In HR Technology – Dataconomy

Future Trends In HR Technology – Dataconomy

August 5, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (756)
  • Economy (781)
  • Entertainment (21,658)
  • General (16,306)
  • Health (9,818)
  • Lifestyle (789)
  • News (22,149)
  • People (780)
  • Politics (790)
  • Science (15,994)
  • Sports (21,276)
  • Technology (15,758)
  • World (762)

Recent News

Edward McNabb, pioneer of conservation bioacoustics and nocturnal ecology, died on May 7th, aged 81 – Butler Nature

Remembering Edward McNabb: Trailblazer in Conservation Bioacoustics and Nocturnal Ecology Passes Away at 81

August 5, 2025
Insider’s View: Europe can be a leader in AI for science – Science|Business

Insider’s View: Europe can be a leader in AI for science – Science|Business

August 5, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version