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By Reuters Staff
1 Min Read
(Reuters) -51job Inc said on Tuesday it had received a revised takeover proposal valued at more than $5 billion from private equity firms DCP Services, Ocean Link Partners and the Chinese recruitment firm’s co-founder and chief, Rick Yan.
DCP, which made the original bid in September, has roped in the two other investors and sent a revised bid of $79.05 per share to take 51job private.
The offer represents a deal value of about $5.33 billion, according to Reuters’ calculations.
U.S-listed shares of 51job, which have fallen 10% after the first takeover bid, were up 14.3% premarket on Tuesday.
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What happened
Mr. Market threw a hissy fit Tuesday, sending the Nasdaq down more than 2% in response to reports that interest rates may soon being rising. But investors in Chinese online employment agency
ChinaChineseDerick-yanOcean-link-partnersYancoNasdaqOcean-link-partners-limitedProposed-transactionசீனாசீனரிக்-யான்கடல்-இணைப்பு-கூட்டாளர்கள்