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Global-Tech Advanced Innovations Announc ...

2015-08-24 21:24:52| Appliances - Topix.net

Global-Tech Advanced Innovations Inc. today announced that the special committee of the board of directors , which was formed by the Company's board of directors , plans to retain Cleary Gottlieb Steen & Hamilton LLP as its United States legal counsel, Maples & Calder as its British Virgin Islands legal counsel and Houlihan Lokey Limited as its independent financial advisor to assist in the evaluation of potential transactions involving the Company, including the unsolicited preliminary non-binding proposal dated August 1, 2015 that the Board received from the Company's President and Chief Executive Officer, Mr. John C.K. Sham, and certain of his controlled or affiliated entities , to acquire all of the outstanding common shares of the Company not currently beneficially owned or controlled by the Acquirer in a "going private" offer .

Tags: advanced innovations

Category:Consumer Goods and Services

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