China Modern Dairy Moves Forward With Cash Offer for China Shengmu Organic Milk Shares
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China Modern Dairy Holdings Ltd. plans to acquire all outstanding shares of China Shengmu Organic Milk Limited through a cash offer facilitated by CLSA Limited. The offer is contingent on completing specific share purchase agreements with certain conditions. An independent board committee and financial adviser have been appointed to oversee the process, with further developments hinging on the fulfillment or waiver of these conditions.
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