News alert: VNET – Founder is proposing to acquire all shares at US$8.2 per ADS
- Founder and Chairman Josh Shen is proposing to acquire all VNET shares at US$8.2 per ADS
- The offer price is 75% higher than previous closing price of US$4.69
- The board has formed a special committee consisting of independent directors to evaluate the proposal
- Share price has risen 21% during US trading hour; Expect share price support in the near-term
