JD.com Launches Takeover Offer for CECONOMY

MT Newswires Live
09/01

JD.com (HKG:9618) launched an offer to acquire all the issued and outstanding bearer shares of German electronics retailer CECONOMY for 4.60 euros per share in cash on Monday, a same-day Hong Kong bourse filing said.

The offer document was published for CECONOMY's shareholders through a unit of JD.com, JINGDONG Holding Germany GmbH.

The acceptance period for the takeover offer ends Nov. 10.

The e-commerce giant first announced its decision to launch the takeover offer in July.

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