Tongcheng Travel plans to launch a voluntary conditional cash tender offer to acquire all outstanding shares of DiDi Chuxing. The acquisition, to be conducted through Tongcheng's subsidiary eLong, Inc., has received support from DiDi Chuxing's core shareholders, with major shareholders representing approximately 53.70% of DiDi's share capital agreeing to tender their shares. Following the transaction, Tongcheng Travel intends to maintain DiDi Chuxing's listed status on the Hong Kong Stock Exchange and does not aim to privatize the company. AI
RANK_REASON Acquisition of a major company by another major company. [lever_c_demoted from significant: ic=1 ai=0.0]
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