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BRIEF-JA Solar Holdings Co enters into definitive agreement for going private transaction
November 17, 2017 / 2:35 PM / in 24 days

BRIEF-JA Solar Holdings Co enters into definitive agreement for going private transaction

Nov 17 (Reuters) - JA Solar Holdings Co Ltd

* JA Solar Holdings Co., Ltd. enters into definitive agreement for going private transaction

* JA Solar Holdings Co Ltd - Will be acquired by investor consortium in all-cash deal implying an equity value of company of approximately $362.1 million​

* JA Solar Holdings Co Ltd - ‍Buyer Group comprises Baofang Jin, chairman & CEO of co, Jinglong & its affiliates, other rollover shareholders​

* JA Solar Holdings Co Ltd - ‍Buyer Group intends to fund merger with a combination of debt and equity​

* JA Solar - ‍Each ordinary share of co will be cancelled and cease to exist in exchange for right to receive $1.51 in cash without interest​

* JA Solar - ‍Each ADS of co will be cancelled in exchange for right to receive $7.55 in cash without interest, except in certain circumstances​

* JA Solar - ‍Buyer Group, rollover shareholders agreed to vote all shares, adss they own, in favor of authorization, approval of merger agreement

* JA Solar Holdings Co Ltd - ‍Buyer Group has delivered an executed debt commitment letter to company​

* JA Solar Holdings - ‍CSI Finance, Credit Suisse AG and other parties will provide a loan facility to fund merger in amount of $160 million​ Source text for Eikon: Further company coverage:

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