Dada Group (DADA) Enters “Going Private” Transaction
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Dada Enters into Definitive Agreement for “Going Private” Transaction
April 1, 2025 7:51 AM EDTSHANGHAI, China, April 01, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, Dada or the Company), Chinas leading local on-demand retail and delivery platform, today announced that it has entered into an Agreement and Plan of Merger (the Merger Agreement) with JD Sunflower Investment Limited, a British Virgin Islands company (Parent) and JD Sunflower Merger Sub Limited, a Cayman Islands company and a wholly owned subsidiary of Parent (Merger Sub). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the Merger).... More
