Asian Tech Press (Sep 13) -- SOHO China Ltd (410:Hong Kong) fell 34.86% and is now priced at HK$2.28 per share after the U.S. investment management firm Blackstone Group (NYSE:BX) terminated the acquisition.

SOHO China announced a terminated deal on September 10, when Blackstone decided not to make an offer to acquire a stake in the company.

In the announcement, SOHO China said, given the current lack of progress in satisfying the conditions precedent, the Offeror, the Commitment Party, the Committed Shareholders and the Company have jointly assessed the procedures required to satisfy the conditions precedent, and the likelihood of completing the procedures on time. The parties agreed that the conditions precedent could not be satisfied on or before the final closing date.

As a result, the $3.05 billion deal was declared "dead".