111 Inc. Stock Rises on $4.52 per ADS Buyout Proposal
By EC Assets · Published
111 Inc. shares saw an increase in premarket trading after the company announced a buyout proposal. The offer involves $4.52 per American Depositary Share (ADS) to acquire the company. 111 Inc. received this preliminary non-binding proposal. 111 Inc. operates as a tech-enabled healthcare platform company in China. Its Board of Directors received the unsolicited proposal. Shares of 111 Inc. rose 5.9% in premarket trading on Thursday. The company is listed on NASDAQ under the ticker YI. This proposal follows a broader trend of potential takeovers in the market. Further developments from the company's Board regarding the proposal are anticipated. This article is intended for informational purposes only. It does not constitute investment advice.
Stay informed
Market commentary, firm news and research from EC Assets - direct to your inbox.