FilingReader Intelligence

JD.com proposes to take Dada Nexus private at $2 per ADS

February 2, 2025 at 10:15 AM UTCBy FilingReader AI

JD.com, Inc. has submitted a non-binding proposal to acquire all outstanding shares of Dada Nexus Limited it doesn't already own for US$2.0 per American depositary share (ADS) or US$0.5 per ordinary share in cash. This represents a 42% premium to Dada Nexus's closing ADS price on the most recent trading day. JD.com and its affiliates currently hold over 60% of Dada Nexus's outstanding shares. The proposed transaction is subject to negotiation and execution of definitive agreements and other customary closing conditions. If successful, the acquisition would result in Dada Nexus's delisting from the Nasdaq Global Select Market. JD.com intends to fund the acquisition with cash on hand.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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