Mindray buyout group revises proposal

AuntMinnie.com staff writers
Sep 9, 2015

Medical equipment manufacturer Mindray Medical International has received a revised acquisition proposal from three of its executives.

The proposal comes from a buyer group that consists of Li Xiting, Mindray's executive board chairman, president, and CEO; Xu Hang, the company's board chairman; and Cheng Minghe, co-CEO and chief strategic officer, Mindray said. It offers $27 in cash per share. The offer would take the company private.

A special committee was formed earlier this year to consider the buyer group's original proposal; it will instead evaluate this revised one, Mindray said.

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