- 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.
Canaan Q3 Adj. EPS $0.14 Beats $0.07 Estimate, Sales $137.51M Miss $151.64M Estimate
Canaan (NASDAQ:CAN) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.07 by 100 percent. This is a 65.85 percent decrease over earnings of $0.41 per share from the same period
