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Actionable news in DANG: E-COMMERCE CHINA DANGDANG Inc,

iMeigu Submits Preliminary Non-binding Proposal to Acquire NYSE-Listed DANG

BEIJING, March 9, 2016 /PRNewswire/ -- iMeigu Capital Management Ltd. ("iMeigu") , announces that today has submitted a preliminary non-binding proposal ("Proposal") to acquire all of the outstanding Class A common shares ("Class A Shares"), Class B common Shares ("Class B Shares", together with Class A Shares, the "Shares") and American depositary shares ("ADSs", each representing five Class A Share) of E-Commerce China Dangdang Inc (NYSE: DANG, the"Company") in an all-cash transaction for US$8.8 per ADS or US$1.76 per Share.

Under the Proposal, iMeigu will acquire all the outstanding Shares and ADSs of the Company in cash for US$8.8 per ADS or US$1.76 per Share (the "Transaction"). It represents a highly attractive premium of approximately 12.6% to the previous preliminary non-binding proposal from Ms. Peggy Yu Yu, Chairwoman of the Board, and Mr. Guoqing Li, director and Chief Executive...


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