- Bloomberg reports that an arm of Ping An Insurance (Group) Company (OTCPK:PIAIF) is in talks with other investors about a potential joint bid for Beijing-based China Biologic (NASDAQ:CBPO).
- Sources close to the matter say any new offers need to be higher than the current bid of $110-per-share by Citic Capital.
- CBPO +4.85% premarket.
- Previously: China Biologic Products up 16% premarket on $110/share offer (June 18)
Ping An mulling rival offer for China Biologic
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Symbol | Last Price | % Chg |
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PIAIF | - | - |
Ping An Insurance (Group) Company of China, Ltd. |