Acorn International to raise $97m with sale of ADRs using Deutsche and Merrill Lynch

03 May 2007

Chinese marketing and direct sales company Acorn International is selling 6.7m ADRs at between $12.50 and $14.50 to raise up to $97.15m. Shareholders are also selling 1m ADRs, to give a deal size of up to $111.65m at the top of the range. There is also a 1.2m ...

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