Andrew Freedman Quoted in Benzinga on Chinese Company Take-Private Offers
Olshan Activist Partner Andrew Freedman was quoted by Benzinga in an article discussing Chinese company go-private dealings, detailing how executive management teams are seeking to take their companies private at the expense of their shareholders. The editorial examines take-private deals by WuXi, Renren, Jiayuan.com International Ltd., China Nepstar Chain Drugstore Ltd. and other U.S.-listed Chinese companies. Freedman notes that this trend leaves investors stuck with a double-edged sword, as there is little legal recourse in China and notably the Caymans to challenge the unfair deals due to lack of corporate governance options.
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