# SORL Auto Parts enters into going-private merger agreement

SORL Auto Parts, Inc. entered into a definitive merger agreement with a consortium led by its Chairman and CEO to take the company private. Shareholders will receive US$4.72 per share in cash.

- Type: Acquisition
- Announced: 2019-11-29
- Where: Zhejiang, China, China
- Value: $91.0M
- Status: announced
- Products: automotive brake systems, safety-related auto parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [SORL Auto Parts, Inc.](https://endata.com/companies/43614.md) (target)
- [Ruili International Inc.](https://endata.com/companies/43615.md) (acquirer)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2019/11/29/1954045/0/en/sorl-auto-parts-enters-into-definitive-merger-agreement-for-going-private-transaction.html), 2019-11-29: "SORL Auto Parts, Inc. today announced that it has entered into an Agreement and Plan of Merger with Ruili International Inc."
- [omm.com](https://www.omm.com/news/press-releases/o-melveny-represents-consortium-in-going-private-transaction-of-sorl-auto-parts/), 2019-12-02: "Pursuant to the merger agreement signed on November 29, 2019, the buyer consortium led by the controlling shareholders of SORL will acquire all of the outstanding shares of SORL for $4.72 per share, representing an aggregate equity valuation of approximately US$91 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.