21Vianet Receives Offer For Going-private Transaction - Quick Facts

(RTTNews) - 21Vianet Group, Inc. (VNET), a carrier-neutral internet data center services provider in China, Wednesday said its Board of Directors has received a non-binding proposal letter proposing a "going-private" transaction to acquire all outstanding ordinary shares of the company not already owned by a buyer group for $23 in cash per American depositary share, or about $3.83 per ordinary share.

The buyer group includes Josh Sheng Chen, Chairman of the Board and Chief Executive Officer of the company, Kingsoft Corp. Limited and Tsinghua Unigroup International Co., Ltd.

The offer represents a 17.7 percent premium above the average closing price of the company's ADSs over the last 15 trading days up to and including June 9.

The company's Board intends to form a special committee consisting of independent directors to consider this proposal.