STREET INSIDER - Dec 9 - On Dec 7, an agreement was announced between Baihe and Jiayuan.com to buy out shareholders at $7.56 per share, an increase from the previous bid of $7.20 from Vast Profit of Hong Kong. Heng Ren Investments believes this is a positive step in the right direction, but the bid is still 50% below full and fair value of $11.74 per share. Jiayuan.com has admitted it has received multiple buyout bids. Heng Ren urges Jiayuan to disclose to shareholders all the bids it has received.
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Summarized by the Courtland Brooks team
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