E-House Special Committee Retains Financial Advisor, Legal Counsel to Review June 9 'Going-Private' Proposal

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E-House (China) Holdings Limited
EJ
today announced that the independent special committee of the Company's Board of Directors has retained Duff & Phelps, LLC as its financial advisor and Davis Polk & Wardwell LLP as its legal counsel in connection with its review and evaluation of the non-binding proposal letter, dated June 9, 2015, from a buyer group proposing a going-private transaction to acquire all of the outstanding ordinary shares of the Company not already owned by them. The buyer group proposing the going-private transaction is represented by Skadden, Arps, Slate, Meagher & Flom. The Independent Committee currently consists of four independent, disinterested directors, Mr. Winston Li, Mr. Bing Xiang, Mr. Hongchao Zhu and Mr. Jeffrey Zhijie Zeng. Mr. David Jian Sun is no longer on the Independent Committee for personal reasons.    The board of directors cautions the Company's shareholders and others considering trading in its securities that no decision has been made on the response to the proposal letter. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction
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Posted In: NewsManagementM&APress Releases
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