Dec. 19, 2013, 9:26 AM| Dec. 19, 2013, 9:26 AM
Dec. 16, 2013, 11:50 AM
- 5% AsiaInfo-Linkage (ASIA -0.9%) shareholder Brandes Investment Partners reiterates its opposition to a $12/share take-private offer for the company scheduled for a shareholder vote on Dec. 19 (proxy advisor ISS has also recommended shareholders to vote against).
- Brandes does not believe the offer "fairly represent[s] the fundamental value of the company" given the takeover price's establishment nearly 2 years ago during less favorable market conditions, a stronger outlook in the Chinese telecom billing and customer relationship software industries, 9% revenue growth YTD on top of 14% revenue growth during 2012, and subdued investor awareness.
- Brandes adds, "Since the proposed transaction involves a related party, we continue to believe that the process is flawed and that approval should require support from a majority of independent shareholders."
May 13, 2013, 7:52 AM
AsiaInfo Linkage (ASIA) will be acquired by a consortium of private investors for $12 per share in cash. Shares +3% premarket.| May 13, 2013, 7:52 AM
Jun. 15, 2012, 11:30 AM
AsiaInfo-Linkage (ASIA +11.7%) jumps on a Reuters report claiming TPG Capital, Silver Lake, and other P-E firms have shown interest in buying the company for over $1B. Even after today's rally, AsiaInfo's market cap stands at $903M. The company, a provider of infrastructure software to Chinese telcos and cable providers, received a buyout offer in January from China's CTIC Capital.| Jun. 15, 2012, 11:30 AM
Feb. 21, 2012, 8:16 AM
Jan. 20, 2012, 8:19 AM
AsiaInfo-Linkage (ASIA) +19.4% premarket after announcing receipt of a going-private proposal from a subsidiary of CITIC Capital China Partners to acquire all ASIA outstanding common shares "at a price which represents a premium over the current stock price."| Jan. 20, 2012, 8:19 AM