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China's 51job receives revised offer of over $5 billion

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.

51job Receives Updated Non-binding Proposal Letter From Consortium

51job Receives Updated Non-binding Proposal Letter From Consortium BEIJING (dpa-AFX) - 51job, Inc. (JOBS) said the company s Board has received an updated preliminary non-binding proposal letter from DCP Services Limited, Ocean Link Partners Limited, and Rick Yan, the Chief Executive Officer of 51job, with respect to the proposed going-private deal wherein the Consortium proposes to acquire all of the outstanding common shares of the company for $79.05 in cash per share. 51job, Inc. said the Special Committee of its Board will continue to evaluate the proposed deal in light of the latest development. Copyright RTT News/dpa-AFX © 2021 AFX News

Why 51job Stock Defied the Downturn and Popped Today

Author Bio I like things that go boom. Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered and continue to cover everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides. 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

51job, Inc. Announces Receipt of an Updated Non-Binding Proposal to Acquire the Company

51job, Inc. Announces Receipt of an Updated Non-Binding Proposal to Acquire the Company