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Wednesday, December 28, 2011

Stock Alert - E-House (EJ) has agreed to acquire Corp. (CRIC) - 12/28/11

Chinese real estate service provider E-House (EJ) has agreed to acquire all outstanding shares of subsidiary China Real Estate Information Corp. (CRIC) it doesn't own (it presently has a 54.1% stake)  for $1.75/share in cash and 0.6 E-House shares. The deal currently values CRIC at $4.30/share, a 5.6% premium to Tuesday's close

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