Focus Media Holding agrees to be taken private

Target: Focus Media Holding Ltd
Value: USD 3,700 million
Announced date: 19th December 2012
Target region: Cayman Islands
Target business: Out-of-home digital display advertising services


Publicly-listed outdoor display advertising company Focus Media Holding has
agreed to be acquired by a private equity consortium led by Carlyle Group
in a take-private transaction worth USD 3,700 million. Under the terms of
the deal, an acquisition vehicle called Giovanna Parent will offer USD 27.50
per American Depository Receipt (ADR) or USD 5.50 per ordinary share in
Focus Media, which represents a premium of 15 per cent over the company’s
previous close of USD 23.91 per ADR on 18th December 2012.

source: http://www.mandaportal.com/Content/MA-Reports/Week-in-Review