Chinese takeover firm Hony Capital is in advanced talks to join Baring Private Equity Asia consortium's $2.8 billion bid for online gaming company Giant Interactive Group Inc, two people with knowledge of the matter told Reuters.Hony Capital is in discussions to invest in an equity tranche of up to $500 million to partly fund the acquisition, the people added.Baring, Giant Interactive spokesman and Hony all declined to comment. The sources declined to be identified as the discussions are private.The consortium needs around $1.5 billion to purchase the 52.8 percent of Giant they do not already own. The consortium is also raising an underwritten loan to finance the buyout, Thomson Reuters publication Basis Point reported on Wednesday.
Shares of GA traded higher by 0.36% or $0.04/share to $11.17. In the past year, the shares have traded as low as $5.75 and as high as $11.47. On average, 1749030 shares of GA exchange hands on a given day and today's volume is recorded at 919758.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 6.23% or $-2.28/share to $34.32. In the past year, the shares have traded as low as $29.61 and as high as $38.73. On average, 683490 shares of TRI exchange hands on a given day and today's volume is recorded at 2660421.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 6.14% or $-2.47/share to $37.75. In the past year, the shares have traded as low as $29.91 and as high as $42.10. On average, 885922 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 3228697.
Source
