- U.S.-listed Chinese data center company VNET Group, Inc (NASDAQ:VNET) bagged a preliminary non-binding takeover proposal from its founder in September.
- Buyout firms CDH Investments, MBK Partners, and PAG also considered bids for VNET, Bloomberg reported.
- China Merchants Group Ltd weighed a takeover offer for Chinese data center operator Chindata Group Holdings Ltd.
- The state-owned conglomerate studied a potential bid for the Bain Capital-backed business.
- China Merchants Group reached out to prospective investors, including infrastructure funds, about backing a deal.
- Shanghai-based competitor GDS Holdings Limited (NASDAQ: GDS) and PAG, which launched a digital infrastructure platform last year, explored offers for the business.
- EQT AB-backed peer EdgeConneX studied a bid.
- Price Action: VNET shares traded higher by 11.8% at $5.10 on the last check Wednesday.
Biggest US Pension Bulks Up On Tesla, Apple, And These Big Techs: How CalPERS Shuffled Its Portfolio In Q4
California Public Employees’ Retirement System, aka CalPERS, the biggest pension fund in the U.S., recently filed its 13F for the fourth quarter ended Dec. 30, with the SEC.
