- 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)