Smart Share Global Ltd. Receives New Acquisition Proposal from Hillhouse Following Earlier Merger Agreement with Trustar Consortium
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Smart Share Global Ltd. (Energy Monster) has received a preliminary non-binding acquisition proposal from Hillhouse Investment Management to acquire all outstanding shares not owned by Hillhouse or Management Members, offering US$1.77 per ADS or US$0.885 per share. This follows a previous merger agreement with Trustar Mobile Charging Holdings. The independent directors' special committee will evaluate the proposal with financial and legal advisors.
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