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ARTICLE | Financial News

Sinovac terminates take-private deal, raises $86.7M

July 3, 2018 6:09 PM UTC

Vaccines company Sinovac Biotech Ltd. (NASDAQ:SVA) said it raised $86.7 million in a private placement and terminated a planned deal to take the company private.

A special committee formed by the company's board determined that it was "in the best interests" of Sinovac and its shareholders to terminate the deal, according to an SEC filing...

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Sinovac Biotech Ltd.