pdf

O'Melveny's Role Advising CRIC in Deal with E-House (China) Holdings Reported in Several Media Outlets

December 30, 2011 O'Melveny's representation of China Real Estate Information Corporation (NASDAQ: CRIC) in connection with its entry into a definitive merger agreement with E-House (China) Holdings Limited (NYSE: EJ) was reported by SNL Financial on December 28, 2011,The Deal Pipeline on December 29, 2011, and The Asian Lawyer on January 6, 2012.

Under the terms of the merger agreement, shareholders of CRIC will receive a combination of cash and EJ shares, and CRIC will become a wholly owned subsidiary of EJ. The transaction is subject to the “going private” rules under Rule 13e-3 of the Securities Exchange Act of 1934, as EJ currently holds a majority of CRIC’s outstanding shares. CRIC is a leading provider of real estate information, consulting and online services in China. O'Melveny had previously represented CIRC’s underwriters, Credit Suisse and UBS AG, in connection with its 2009 spin-off from EJ and initial public offering and listing on NASDAQ. At the time of CRIC’s IPO, the online real estate business of SINA Corporation (NASDAQ: SINA) was merged with CRIC, and as a result of the current “going private” merger, SINA is expected to become a 25% shareholder of EJ. The merger, which is subject to CRIC shareholder approval and other customary closing conditions, is currently expected to close around mid-2012.

The O’Melveny & Myers team includes Corporate Finance/Capital Markets partners David Roberts and Ke Geng and Mergers and Acquisitions partner Paul Scrivano; counsel Nima Amini; and associate Jim Zeng.