JD.com Eyes Full Control Of Dada Nexus With Premium Cash Offer: Details

Benzinga01-27

Dada Nexus Limited (NASDAQ:DADA) shares are trading higher after the company received a preliminary, non-binding proposal from JD.com, Inc.(NASDAQ:JD) to acquire all shares, including ADSs, at $2.00 ...

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The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com’s acquisition proposal.The company cautions that the Board has not yet made any decisions regarding JD.com’s proposal.Notably, in 2022, JD.com received all necessary regulatory approvals to invest in Dada Nexus, as per which Dada planned to issue ordinary shares to JD.com in exchange for $546 million in cash and strategic resources.According to a regulatory filing last year, JD.com,Inc., through its wholly-owned subsidiary, has purchased a total of 87.48 million ordinary shares and 1.875 million ADSs of Dada Nexusfrom Global Pinnacle Corporation, a company wholly owned by Walmart. As a result of this transaction, JD.com ac","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"京东希望通过优质现金报价完全控制Dada Nexus：详情","themeId":"fe8771e06712b0d4314920e30b4ba276","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JD":1,"DADA":1,"09618":0.6},"content_text":"Dada Nexus Limited  (NASDAQ:DADA) shares are trading higher after the company received a preliminary, non-binding proposal from JD.com, Inc.(NASDAQ:JD) to acquire all shares, including ADSs, at $2.00 per ADS ($0.50 per Ordinary Share) in cash.\nThe offer represents a 42% premium to the last closing price before the proposal date. The Board has formed a special committee, chaired by Laura Marie Butler, to evaluate JD.com’s acquisition proposal.\nThe company cautions that the Board has not yet made any decisions regarding JD.com’s proposal.\nThere is no guarantee that a definitive offer will be made, an agreement reached, or that the proposed transaction will be approved or completed.\nNotably, in 2022, JD.com received all necessary regulatory approvals to invest in Dada Nexus, as per which Dada planned to issue ordinary shares to JD.com in exchange for $546 million in cash and strategic resources.\nAccording to a regulatory filing last year, JD.com, Inc., through its wholly-owned subsidiary, has purchased a total of 87.48 million ordinary shares and 1.875 million ADSs of Dada Nexus from Global Pinnacle Corporation, a company wholly owned by Walmart. As a result of this transaction, JD.com acquired all the shares of Dada held by Walmart and beneficially owned approximately 63.2% of Dada Nexus’ total ordinary shares outstanding.\nPrice Action: DADA shares are up 24.8% at $1.79 premarket at the last check Monday.\nRead Next:\n\nAlibaba Cloud Unveils New AI Tools and Language Models to Empower Global Developers\n\nImage via Shutterstock.\nUNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.\nGet the latest stock analysis from Benzinga?\n\nDADA NEXUS (DADA): Free Stock Analysis Report\n\nThis article JD.com Eyes Full Control Of Dada Nexus With Premium Cash Offer: Details originally appeared on Benzinga.com\n© 2025 Benzinga.com. Benzinga does not provide investment advice. 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