date:Jun 19, 2013
also the second time since May that a U.S. private equity firm has exited a lucrative investment in a Chinese milk company.
Mengniu is offering HK$3.50 in cash to Yashili's shareholders, which includes the Carlyle Group and Yashili's chairman. The buyer is offering a second option of HK2.82 in cash per share and 0.681 per share in a Mengniu-backed acquisition holding company, according to a statement to the Hong Kong stock exchange.
For Mengniu, which also recently announced an investment by