A consortium comprising China's CITIC Capital and Singapore state investor Temasek Holdings TEM.UL has agreed to buy Asiainfo-Linkage Inc (ASIA.O) for about $900 million, joining a growing number of buyouts of U.S.-listed Chinese companies.
The CITIC Capital-led group agreed to pay $12 per share for Asiainfo-Linkage, which provides software to telecommunications companies, including China Mobile (0941.HK), China Unicom (0762.HK) and China Telecom (0728.HK).
The price is 2.8 percent higher than Asiainfo's closing price of $11.68 on Friday and the same as CITIC Capital's initial bid in January 2012. Full story
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