China Digital TV hires adviser to evaluate Super TV takeover

• China Digital TV (STV) has hired Duff & Phelps as financial and legal counsel as it evaluates a takeover proposal by management and Super TV.
• The company received a preliminary nonbinding proposal last month from its CEO, Jianhua Zhu, and Dong Li, president of Super TV, to acquire all equity interest.
• The special committee of independent directors is working on that proposal -- but not, China Digital says today, on another proposal from its chairman and the manager of Beijin Dagong to acquire Dagong.