Charm Communications Adds 4% as CEO, CMC Capital Take Company Private for $4.70 a Share

Charm Communications (CHRM) shares gained 4% in recent trade after it agreed to be acquired by Engadin Parent Ltd, a company controlled by Charm’s CEO He Dang and others, for $4.70 per American Depository Share.

CHRM was earlier trading as high as $5.33, in the 52-week range between $3.81 and $5.89.

The purchase price is a 14.3% premium to the 30-trading day volume-weighted average price of $4.11 on Sept. 27, the last trading day before it was announced that the advertising agency had received a going-private proposal.

The deal is expected to close before the end of Q3.

Engadin Parent is owned by He Dang and certain of his affiliates including Merry Circle Trading Limited, a British Virgin Islands company controlled by He Dang as well as by Honour Idea Limited, a British Virgin Islands company owned by He Dang and an investment fund affiliated with CMC Capital Partners HK Limited.

In Other News

E2open (EOPN), a provider of cloud-based solutions for collaborative planning and execution across global trading networks, said Monday it has signed a strategic alliance agreement with U.S. audit, tax and advisory firm KPMG LLP.

Under the agreement, KPMG services will be combined with E2open’s software platform and will help automate and accelerate demand-driven supply chain initiatives and enable companies to better align their planning, procurement and replenishment processes to actual consumption and demand changes.


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