The CB, which was arranged by Goldman Sachs, was welcomed by investors as the combination with the buyback means the deal will be earnings accretive. This allowed it to be upsized from an initial $130 million and set it thoroughly apart from two other CBs by US companies launched on the same day, one of which had to be priced outside the indicative ranges, while the other had to be pulled altogether. Nasdaq-listed ShandaÆs share price also gained 1.9%...
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