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Dada Nexus ( (DADA) ) has provided an announcement.
In January 2025, Dada Nexus Limited announced that its board received a preliminary non-binding proposal from JD.com to acquire all outstanding ordinary shares not owned by JD. The proposed acquisition price of $2.0 per ADS represents a 42% premium. A special committee has been formed by Dada’s board to evaluate the offer, and the company has not yet made a decision. The proposal highlights JD’s significant existing ownership and interest in taking Dada private, but emphasizes no binding commitment has been made yet.
More about Dada Nexus
Dada Nexus Limited is China’s leading local on-demand retail and delivery platform, operating JD NOW, one of the largest local on-demand retail platforms, and Dada NOW, a leading delivery service. These platforms are interconnected, enhancing order volume and delivery efficiency, catering to various industries and product categories.
YTD Price Performance: 6.02%
Average Trading Volume: 1,086,797
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $372.3M
Find detailed analytics on DADA stock on TipRanks’ Stock Analysis page.
