Skadden has advised the Special Committee of the Board of Directors of BEST Inc., a leading integrated smart supply chain solutions and logistics provider in China and Southeast Asia, on the Agreement and Plan of Merger with BEST Global Partners in a transaction that implies an equity value of the Company of approximately US$54.2 million.
The merger with BEST Global Partners, which is backed by a consortium including its CEO, will see BEST Inc. de-list from the NYSE with shareholders receiving a premium cash payout for their shares. The merger is expected to close in the third quarter of 2024.
The Skadden team was led by Corporate Partner Yuting Wu (Shanghai) along with Partners Haiping Li (Hong Kong) and Peter Huang (Beijing), Associate Jian Wang (Beijing) and International Legal Project Managers Xuechun Wen (Beijing) and Jianfei He (Shanghai).
