Qihoo 360 (NASDAQ: QIHU, market cap: 8.8 billion USD) – the biggest Chinese ADR to be delist and relist in China – is facing unexpected delays at the State Administration of Foreign Exchange (the SAFE). QIHU received the buyout offer last June at 77 USD per share. Today, it trades ~70 USD. Can the delisting get done within a couple of months?
from Forbes – Tech http://ift.tt/1TgeIiQ
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