New World's US$350m misstep may yet pay off
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New York
NEW World Development now has a price tag on its biggest dealmaking misstep.
The Hong Kong conglomerate offered on Wednesday to take its Chinese unit private for US$2.7 billion, about US$350 million more than if its first attempt at the deal had been structured as a general offer, as it is now, and not a so-called scheme of arrangement.
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