Gridsum Execs Offer To Take Company Private At $3.80/Share

Gridsum Holding Inc. GSUM has received a letter from its chairman and CEO proposing to take the company private by acquiring the company in a transaction for $3.80 per share in cash.

Gridsum is a provider of cloud-based big-data analytics and artificial intelligence solutions in China. The transaction will be financed by a combination of debt and equity capital.

Gridsum shares were trading up 6.4% at $2.91 in Tuesday’s session.

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