MindRay shareholders to vote on $3.3B go-private proposal

Mindray Medical (NYSE:MR) shareholders are slated to meet next month to vote on a $3.3 billion proposal that would see the Chinese company’s managers take it private.

The shareholders vote on the $28-per-share deal is scheduled for Feb. 26, the Shenzen-based company said.

Co-CEOs Li Xiting and Cheng Minghe and chairman Xu Hang offered $30 per share, or $3.5 billion, in early June. The trio later lowered that bid to $27 per share, or $3.15 billion, before the parties agreed last November on $28 per share.

Li, Cheng and Xu and entities they control already collectively own some 63.7% of Mindray’s voting shares.

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