tiprankstipranks
BEST Inc. Announces Transition to Private Ownership
Company Announcements

BEST Inc. Announces Transition to Private Ownership

BEST (BEST) has released an update.

Don't Miss our Black Friday Offers:

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.

Related Articles
TipRanks Auto-Generated NewsdeskBEST Inc. Board Sees High-Profile Changes
TipRanks Auto-Generated NewsdeskBEST Inc. Reports Strong Q1 2024 Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App