India, April 1 -- Dada Nexus Ltd. (DADA), an on-demand retail and delivery platform in China, on Tuesday announced that it has entered into a merger agreement with JD Sunflower Investment Ltd. and JD Sunflower Merger Sub Ltd. The merger offer represents approximately 42 percent premium of the closing price of ADSs on January 24, 2025.
Once the merger is completed, the acquired entities will become privately owned, and its ADSs will be delisted from the Nasdaq Global Select Market. The Merger is expected to close within the third quarter of 2025.
Shares of Dada Nexus are increasing in the pre-market trading.
Under the Merger Agreement, JD Sunflower Merger Sub will combine into the Company, which will continue to exist as a wholly owned su...