VNET GROUP INC. (VNET) : 4.775 - 6.92%
VNET Group Inc, formerly 21Vianet Group Inc, is a carrier-neutral Internet data center services provider. The Company hosts its customers' servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology. The Company provides value-added services, such as content delivery network services, virtual private network services and last-mile wired broadband services. It offers public cloud services, private cloud and hybrid services. The Company also offers container-based data center service. The Company's service offerings include hosting and related services, and managed network services. The Company provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and offers other hosting related value-added services.
Sept 13 (Reuters) - VNET Group Inc :
* VNET ANNOUNCES RECEIPT OF PRELIMINARY NON-BINDING PROPOSAL
TO
ACQUIRE ALL OF ITS SHARES AND FORMATION OF SPECIAL COMMITTEE TO
REVIEW THE PROPOSAL
* VNET GROUP INC - RECEIVED A PRELIMINARY NON-BINDING
PROPOSAL
LETTER FROM JOSH SHENG CHEN, FOUNDER OF COMPANY
* VNET GROUP INC - PROPOSAL TO ACQUIRE ALL OF OUTSTANDING
ORDINARY SHARES OF COMPANY FOR $8.20 IN CASH PER AMERICAN DEPOSITARY SHARE
* VNET GROUP INC - FORMED COMMITTEE TO EVALUATE AND CONSIDER
PROPOSED TRANSACTION AS WELL AS OTHER POTENTIAL STRATEGIC
ALTERNATIVES
