Shares of 51job (
JOBS) - Get Report jumped on Tuesday after the China-based HR staffing company said it had received a revised takeover proposal valued at $79.05 cash a share, or $5.3 billion.
DCP Services, Ocean Link Partners and 51job Co-Founder Rick Yan are now partnering for the takeover.
Private-equity firm DCP made the original bid in September at $79.05 a share to take 51job private.
The offer represents a deal value of about $5.33 billion, media reports say
At last check 51job shares jumped 10% to $67.76. They ve traded on Tuesday up as much as 15% at $70.35.
51job had formed a special committee of two independent directors to evaluate the original bid for the company, which was made in September.