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Bona Film Group evaluating CEO's go-private offer

Jul. 13, 2015 8:31 AM ETBona Film Group Limited (BONA) StockBy: Jason Aycock, SA News Editor
  • Bona Film Group (NASDAQ:BONA) says it's formed a committee of three independent directors to evaluate a go-private offer that it received last month.
  • The committee's retained Barclays as financial adviser.
  • A group led by CEO Yu Dong on June 12 proposed taking the firm private at $13.70/ADS, which at the time was a 23.6% premium over 30-day average price. Shares since then have declined 10.3% to $11.54 as they got caught in the Chinese market downdraft.
  • Previously: Founder, chairman launches go-private offer for Bona Film Group (Jun. 12 2015)

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