Bona Film Group Announces Going Private Transaction
12.22.15
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Simpson Thacher is representing Bona Film Group Limited (NASDAQ: BONA), a leading film distributor and vertically integrated film company in China, in connection with its announced merger agreement with a consortium consisting of affiliates of Alibaba Pictures, All Gain Ventures, Fosun International, SAIF Partners, Sequoia Capital China, Tencent, Uranus Connection, and Mr. Dong Yu, founder, chief executive officer and chairman of the board of directors of the company. The consortium will acquire Bona Film Group for a cash consideration of US$27.40 per ordinary share of the company, in a transaction implying the company's enterprise value at approximately US$1 billion. The going private transaction is expected to close during the second quarter of 2016 and is subject to various customary closing conditions.
The Simpson Thacher team includes Chris Lin, Daniel Fertig and Melissa Koh (Corporate).