Chinese real estate service provider E-House (EJ) has agreed to acquire all outstanding shares...

|About: E-House (China) Holdings Li... (EJ)|By:, SA News Editor

Chinese real estate service provider E-House (EJ) has agreed to acquire all outstanding shares of subsidiary China Real Estate Information Corp. (CRIC) it doesn't own (it presently has a 54.1% stake)  for $1.75/share in cash and 0.6 E-House shares. The deal currently values CRIC at $4.30/share, a 5.6% premium to Tuesday's close.