US EditionPublished • loading... • Updated
BEST Inc. Announces Completion of Going Private Transaction
- BEST Inc. has completed its merger with Phoenix Global Partners, becoming a wholly owned subsidiary of BEST Global Partners.
- As a result of the merger, BEST Inc. is no longer publicly traded, with stockholders receiving US$2.88 per American Depository Share.
- The company has submitted a request for trading suspension on the NYSE effective March 10, 2025, as part of the merger process.
- Shareholders will receive further instructions on exchanging shares for cash, as outlined in the details provided by BEST Inc.
Insights by Ground AI
33 Articles
33 Articles
The Courier-Tribune+32 Reposted by 32 other sources
BEST Inc. Announces Completion of Going Private Transaction
HANGZHOU, China, March 7, 2025 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced the completion of its merger (the "Merger")…
Coverage Details
Total News Sources33
Leaning Left3Leaning Right2Center15Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
15%
C 75%
Factuality
To view factuality data please Upgrade to Premium
