CNinsure Gets $953M Offer to Go Private

China’s CNinsure Inc. has received a $953 million offer to go private, Reuters reported. The offer came from a consortium of investors, led by the company’s chief executive, including TPG Asia, Kingsford Resources Ltd., and CDH Inservice Ltd. At $19 per share, the offer represents a 44% premium over the company’s closing price Friday. CNinsure is a property, casualty and life insurer.

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