Sinovac Biotech revamps controversial take-private

Beset by long-running activist investor concerns and legal issues – not least bribery concerns – the biopharmaceutical products manufacturer has upped its de-listing offer.

Sinovac Biotech revamps controversial take-private

Sinovac Biotech has upped its offer to de-list from Nasdaq almost 17 months after it first tried to go private, in a deal that values the firm at around $401.8 million. But it could still have its work cut out to get the deal done given ongoing pricing disputes and bribery concerns. 

According to a filing to the US Securities and Exchange Commission SEC on Monday, parent entity Sinovac Cayman Limited will acquire the...

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