CNinsure announces pricing for 4.6 million American depositary shares
CNinsure, a China-based independent insurance intermediary, has priced its public offering of 4.6 million American depositary shares, or ADSs, each representing 20 ordinary shares of the company, at $25 per ADS.
Under the terms of the agreement, CBS will acquire San Francisco-based CNET for $1.8 billion, or $11.50 per share.