China M&A Week in Review is SSCO’s weekly summary of deals and key developments in China related Mergers and Acquisitions. Our emphasis is on cross-border deals.
This Week’s Links:
Outbound M&A and Investment
Lexmark to Be Bought by Apex, PAG Asia in $3.6 Billion Deal–Bloomberg,19/4/2016 “Lexmark International Inc., a computer-printer maker, agreed to be acquired by an investment consortium led by Apex Technology Co. and PAG Asia Capital in a transaction that values the company at $3.6 billion…The all-cash deal, worth $40.50 per Lexmark share, will be financed through equity contributions from the buyers and debt financing, the company said Tuesday in a statement.”
FOOD & BEVERAGES
China’s Mengniu Dairy closes in on infant formula maker in $300m deal—Australia Financial Review,20/4/2016 “China’s Mengniu Dairy is closing in on Victoria’s Burra Foods, in a deal that would value the infant formula manufacturer at more than $300 million and deliver a windfall for Gippsland farmer owners Grant and William Crothers.”