M&A: BEST Inc.

Form Type: SC 13E3/A

Filing Date: 2025-01-06

Corporate Action: Merger

Type: Update

Accession Number: 000110465925001117

Comments: This document amends the previously filed Rule 13e-3 transaction statement regarding BEST Inc. and details the terms of a merger agreement between BEST Inc., BEST Global Partners, and Phoenix Global Partners. The agreement stipulates that at the effective time of the merger, each outstanding ordinary share and each American Depositary Share (ADS) will be canceled in exchange for cash considerations of US$0.144 per share and US$2.88 per ADS, respectively. The transaction remains subject to various conditions including shareholder approval, and the document provides a detailed overview of the merger agreement, its objectives, the involved parties, and the financial implications of the merger.

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Form Type: SC 13E3/A

Filing Date: 2024-12-16

Corporate Action: Merger

Type: Update

Accession Number: 000110465924128550

Comments: This document represents an amendment to the previous filing concerning a merger transaction of BEST Inc. and involves key stakeholders and firms associated with the merger. The merger agreement specifies the rights and considerations for the shareholders, clarifying that at the effective time of the merger, certain classes of shares will be cancelled in exchange for specified cash amounts. Additionally, it discusses the voting process required for the approval of the merger agreement.

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