SINA shareholders approved a merger agreement with New Wave Holdings Limited through a buyout of their shares at $43.3 per share. The deal allows for a waiver to sell their shares at this price, but there must be no more than 10% of such shareholders. At present this value is exceeded. If the situation does not change, the buyer has the right to refuse to fulfill the agreement. If the merger is completed, SINA will become a private company and its shares will no longer be traded on any stock exchange.
SINA shareholders approved a merger agreement with New Wave Holdings Limited through a buyout of their shares at $43.3 per share. The deal allows for a waiver to sell their shares at this price, but there must be no more than 10% of such shareholders. At present this value is exceeded. If the situation does not change, the buyer has the right to refuse to fulfill the agreement. If the merger is completed, SINA will become a private company and its shares will no longer be traded on any stock exchange. 
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