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BRIEF-China Mengniu Dairy enters agreement with Success Dairy II to acquire China Modern Dairy shares
January 4, 2017 / 10:26 PM / a year ago

BRIEF-China Mengniu Dairy enters agreement with Success Dairy II to acquire China Modern Dairy shares

Jan 5 (Reuters) - China Mengniu Dairy Co Ltd

* On 4 jan, Mengniu entered into a sale and purchase agreement with Success Dairy II

* Deal for a consideration of hk$1.87 billion

* Consideration represents hk$1.94 per CMD share

* Mengniu has conditionally agreed to acquire and Success Dairy II has conditionally agreed to sell 965.5 million CMD shares

* Consideration for subject shares payable by Mengniu shall be funded by internal resources and external debt facilities

* Mengniu has no intention to terminate employment of any employee or other personnel of CMD group Source text for Eikon: Further company coverage:

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