Baker & McKenzie, Morrison & Foerster and Linklaters, are leading the $26 billion merger between Chinese state-owned train makers China CNR Corp. and CSR Corp. Ltd.
Both companies are dual-listed in Shanghai and Hong Kong. The deal will see CSR acquire all shares of China CNR at a ratio of 1.1 CSR share for every CNR share. Once the merger completes, a new company, named China Railway Rolling Stock Corp. Ltd., or CRRC, will take over all the assets of the two companies and China CNR will delist from Hong Kong and Shanghai exchanges.
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