February 21, 2012 7:15 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Alibaba Group and Alibaba.com today jointly announced that the Offeror has made a proposal to the Board of Directors of Alibaba.com to privatize the company. The Offeror and concert parties together hold 73.45 percent of Alibaba.com. The proposal offers minority shareholders HK$13.50 per share in cash, which implies a premium of 60.4 percent over the 60-day average closing price of Alibaba.com shares, and a premium of 55.3 percent over the 10-day average closing price. The Offeror stated in the announcement filed with the Hong Kong Stock Exchange today that the offer price will not be increased. Under Hong Kong regulations, the Offeror will not be permitted to increase the offer price. Alibaba.com shareholders will in due course be sent a scheme document and will be invited to vote on the proposed offer. The Offeror and its concert parties will not be permitted to vote in relation to the proposed offer. The Offeror further stated in the joint announcement that it intends to finance the privatization from a combination of new committed financing and existing cash on hand.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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