Chinese online book and media retailer E-Commerce China Dangdang Inc’s chief executive, Guoqing Li, and Chairwoman Peggy Yu Yu offered to take the company private.

The all-cash offer of $7.812 per American Depositary Share represents a 20 premium to the stock’s Wednesday closing price of $6.51, the company said on Thursday.

(Reporting By Arathy S Nair in Bengaluru; Editing by Simon Jennings and Saumyadeb Chakrabarty)

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