Search engine and security software provider Qihoo 360 (QIHU) received a buyout offer from its CEO Hongyi Zhou. The consortium led by Zhou is offering to buy out minority shareholders at $77.00 in cash per ADS. Qihoo closed at $66.05 yesterday, giving investors 16.6% premium.The list provided is good, but too short.
...More than a dozen Chinese companies have received management-led buyout offers this year. But Qihoo is the biggest. It had $8.5 billion market cap as of yesterday’s close.
So who are next?
2015-06-17
QIHU Will Exit the U.S. Market
Barron's: Qihoo 360 Receives Buyout Offer: Who Are Next?
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