<article>Chinese online travel company<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Qunar+Cayman+Islands+Ltd"> Qunar Cayman Islands Ltd</a> said a unit of private equity fund <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Ocean+Imagination+LP">Ocean Imagination LP</a> offered to acquire the company.</article>

Chinese online travel company<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Qunar+Cayman+Islands+Ltd"> Qunar Cayman Islands Ltd</a> said a unit of private equity fund <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Ocean+Imagination+LP">Ocean Imagination LP</a> offered to acquire the company.
The offer of $30.39 per American depositary share represents a premium of 15 percent to the stock&#8217;s Wednesday close.
Shares of the company, which has a market value of about $3.80 billion, were trading up at $28.85 before the bell on Thursday.
The non-binding offer is for the ordinary shares of Qunar not beneficially owned by the &#8220;significant shareholders&#8221;, the company said.
The buyer intends to seek the support of these shareholders who account for a majority in voting power of the company.
Ctrip, China&#8217;s top travel company, agreed to acquire a roughly 45 percent stake in Qunar through a share swap with its backer Baidu Inc last year.
Qunar said its board had formed a special committee to consider the proposal.
Ocean Management Ltd, the unit of Ocean Imagination, will fund the deal with debt and equity, Qunar said.
Ocean Imagination invests in travel-related industries in China.
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Reuters

Chinese online travel company Qunar Cayman Islands Ltd said a unit of private equity fund Ocean Imagination LP offered to acquire the company.

Chinese online travel site Qunar gets go-private offer

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Chinese online travel site Qunar gets go-private offer

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