China’s IKang rises to 7-month high as bidding war heats up. Alibaba, OTPP join founder-led consortium against rival bidders

China’s IKang rises to 7-month high as bidding war heats up. Alibaba, OTPP join founder-led consortium against rival bidders

China’s iKang Healthcare Group Inc. rose to a seven-month high after a competitor’s parent raised its offering price, fueling a bidding war between two groups that want to delist it from U.S. exchanges and sell the shares back home.

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