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China Biologic up 18% premarket on $118/share bid

  • China Biologic Products Holdings (NASDAQ:CBPO) is up 18% premarket on light volume in response to its announcement that an investment group has made a non-binding proposal to acquire all the remaining shares of the company that it does not already own at $118 in cash. The total transaction value will be ~$3.9B.
  • Goldman Sachs is advising.
  • Update: On Tuesday, August 21, the company announced that it received the non-binding proposal.

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SymbolLast Price% Chg
CBPO--
China Biologic Products Holdings, Inc.