BEST Inc. Announces Completion of Going Private Transaction
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 08 2025
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Source: Newsfilter
Merger Completion: BEST Inc. has completed its merger with Phoenix Global Partners, resulting in BEST becoming a wholly owned subsidiary and ceasing to be publicly traded. Shareholders will receive cash compensation for their shares as outlined in the Merger Agreement.
Delisting from NYSE: Following the merger, BEST Inc. has requested the suspension of trading of its American Depository Shares on the New York Stock Exchange and plans to deregister its securities, effectively ending its reporting obligations under U.S. securities laws.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
