NQ Buyout Offer $9.80
BEIJING and DALLAS, July 30, 2014 /PRNewswire/ -- NQ Mobile Inc. ("NQ" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced that its board of directors (the "Board") has received a non-binding proposal from Bison Capital Holding Company Limited ("Bison") to acquire all of NQ's outstanding ordinary shares and American Depositary Shares ("ADSs," each representing five ordinary shares of NQ). Bison has proposed a fixed cash consideration of US$9.80 per ADS.
The Board is reviewing the proposed transaction, and may retain independent advisors, including an independent financial advisor, to assist it in its work. No decisions have been made by the Board with respect to its response to Bison's proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will receive necessary approvals or be consummated.
