HONG KONG (Reuters) – Shares of global sourcing and logistics group Li & Fung Ltd <0494.HK> were set to open up 108% on Monday after it said it had received an offer worth $931 million to take the company private.
The opening price was set to be HK$1.04, versus the offer price of HK$1.25 per share, representing more than double the Friday close of HK$0.50 apiece.
(Reporting by Clare Jim; Editing by Kim Coghill)
