Xueda Education to Merge with Xiamen Insight Investment
08.03.15
This is only gets display when printing
Simpson Thacher is representing Xueda Education Group (NYSE: XUE), a provider of private personalized tutoring services for primary and secondary school students in the PRC, in connection with a proposed going private transaction with Xiamen Insight Investment Co., Ltd. (“Insight”). Under the terms of the merger agreement, Insight will acquire all of the outstanding shares of Xueda for US$2.75 in cash per ordinary share, or US$5.50 in cash per American Depositary Share. The merger is expected to close in the fourth quarter of 2015 and is subject to various closing conditions.
The Simpson Thacher team working on the transaction includes: Katie Sudol and Matthew Schwartz (M&A); Leiming Chen, Yi Gao and Melissa Koh (Capital Markets); Jason Vollbracht and Judy Yan (Tax); and Tristan Brown and Leah Segall (Executive Compensation and Employee Benefits).