BEST (BEST) has released an update.
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BEST Inc. is set to go private through a merger with BEST Global Partners, backed by a consortium including its CEO and significant shareholders like Alibaba Investment Limited. Shareholders will receive a premium cash payout for their shares, with the deal expected to close in the third quarter of 2024, meaning BEST’s shares will be delisted from the NYSE. The transaction has been approved by BEST’s board and is subject to shareholder and regulatory approvals.
For further insights into BEST stock, check out TipRanks’ Stock Analysis page.