“Focus Media Holding Ltd. (NASDAQ: FMCN) has announced that it has accepted an offer of $5.50 per ordinary share ($27.50 per American Depositary Share) from firms that will be controlled by the company’s chairman and CEO, Jason Nanchun Jiang, immediately after the transaction. The offer represents a premium of 17.6% to the closing price of the company’s ADSes on August 10th, the last trading day prior to the company’s announcement that it had received the proposal to go private…”
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