China XD Plastics Co Ltd - offer for us$5.21 per share of common stock in cash. China XD Plastics announces receipt of preliminary non-binding "going private" proposal.

China XD Plastics Co Ltd - board has established a special committee of disinterested directors to consider proposal. Says proposal letter states buyer consortium expects board will appoint a special committee to consider proposal.

China XD Plastics Co - proposal letter states buyer consortium expects board to appoint special committee of independent directors to consider proposal.

China XD Plastics Co - special committee intends to retain advisors, including an independent financial advisor, to assist in evaluation of proposal.

China XD Plastics - received preliminary non-binding proposal letter from ceo, xd. Engineering plastics co.

 

Source: reuters.com

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