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BEST Inc. Completes Merger and Goes Private

Story Highlights
  • BEST Inc. completed a merger with Phoenix Global Partners, becoming a private subsidiary.
  • The company plans to suspend NYSE trading and deregister its securities, ending public reporting.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

BEST ( (BEST) ) just unveiled an announcement.

BEST Inc. announced the completion of its merger with Phoenix Global Partners, resulting in the company becoming a wholly owned subsidiary and ceasing to be publicly traded. The merger, approved by shareholders on February 18, 2025, involved the cancellation of shares and the provision of cash payments to shareholders. The company has requested the suspension of its ADS trading on the NYSE and plans to deregister its securities, impacting its reporting obligations and delisting from the exchange.

More about BEST

BEST Inc. is a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia. The company offers a comprehensive set of logistics and value-add services, including freight delivery, supply chain management, and global logistics services, leveraging its proprietary technology platform and extensive networks.

YTD Price Performance: 5.30%

Average Trading Volume: 29,217

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $52.55M

Find detailed analytics on BEST stock on TipRanks’ Stock Analysis page.

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