China's Bitauto gets buyout proposal from Tencent, Hammer Capital
Sept 13 (Reuters) - Bitauto Holdings Ltd BITA.N said on Friday it has received a buyout proposal from Tencent Holdings Ltd 0700.HK and Hammer Capital for shares they don't own in the Chinese online marketer.
The offer of $16 per share was at a premium of 16.4% over Bitauto's Thursday closing price.
(Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)
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