m_and_a
confidence high
sentiment neutral
materiality 0.75
Starry Sea (SSEA) signs LOI to acquire Forever Young at $750M-$900M pre-money
STARRY SEA ACQUISITION CORP
- Pre-money equity value of Forever Young: $750M-$900M, subject to confirmatory due diligence.
- Consideration to be rollover equity in post-closing entity at $10 per share.
- 60-day mutual exclusivity period with potential extension as specified in LOI.
- Forever Young provides management and support services to medical institutions in China.
- SSEA represented by Torres & Zheng; Forever Young by Loeb & Loeb and other counsel.
item 1.01item 8.01item 9.01