The Transaction, which is currently expected to close around the middle of 2012, is subject to the approval of the Merger Agreement and the Transaction by an affirmative vote of shareholders (i) representing two-thirds or more of the ordinary shares present and voting in person or by proxy at a meeting of CRIC's shareholders which will be convened to consider the approval of the Merger Agreement and the Transaction, and (ii) holding a majority of the outstanding shares of CRIC other than the Excluded CRIC Shares, as well as certain other customary closing conditions. E-House has advised CRIC's board of directors that it intends to vote in favor of the approval of the Merger Agreement and the Transaction. There can be no assurance that the Transaction will be completed by or around the middle of 2012 or at all. If completed, the Transaction will result in CRIC becoming a privately-held and wholly-owned subsidiary of E-House and CRIC ADSs will no longer be listed on the NASDAQ Global Select Market.Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal advisor to E-House and Conyers Dill & Pearman is serving as Cayman Islands legal advisor to E-House.
E-House Enters Into Definitive Agreement To Acquire All Outstanding Shares Of CRIC
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.