eHi Car Services retains Duff & Phelps as independent financial advisor
eHi Car Services announced that the special committee of the company's board, formed to consider the previously announced non-binding proposal that the board received from Goliath Advisors on November 26, has retained Duff & Phelps as its independent financial advisor and Fenwick & West as its legal counsel to assist it in this process. eHi added, "The Board cautions the Company's shareholders and others considering trading in the Company's securities that the Special Committee is continuing its evaluation of the Proposal and that, at this time, no decision has been made with respect to the Company's response to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that the Proposal or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law."