Medical equipment manufacturer Mindray Medical International's board of directors has formed a committee to consider the proposal the board received from a group of executives on June 4 for taking the company private.
The committee consists of independent directors Ronald Ede, Kern Lim, and Qiyao Wu. It has retained Lazard Asia of Hong Kong as its independent financial advisor and Shearman & Sterling as its U.S. legal counsel to assist in its evaluation of the proposal, Mindray said.