STREET INSIDER – Apr 8 – An offer to buy out shareholders of Jiayuan.com undervalues the company and should be raised by 119%, according to Heng Ren Investments LP. "The offer comes with Jiayuan.com’s stock depressed near a 52-week low after a difficult 2014. After Jiayuan.com's IPO four years ago at $11.00 per share, Vast Profit is offering to buy the company back at $5.37 per share – a 51% discount. In its appraisal value of Jiayuan.com, Heng Ren, determined the company’s stock is worth $11.74 per share. U.S.-based shareholders, who are being pushed to sell at a low price by Vast Profit, will reap no profit from this migration. Heng Ren believes current shareholders need to be fairly compensated by Vast Profit with a higher offer price.
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