- Trunkbow International Holdings (TBOW), a leading provider of mobile payment solutions and mobile value added services, has entered an agreement with Trunkbow Merger Group Limited, owned by TBOW Chairman Dr. Wanchun Hou and CEO Qiang Li to be acquired for $1.46/share, a 24.8% premium over the Nov. 1, 2012 closing price, prior to TBOW's announcement that it had received a "going private" proposal.
- Shares closed Monday at $1.19.
- Source: press release
Trunkbow enters going private transaction
Dec 10 2013, 06:40 ET