51job, Inc. Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company
51job, Inc. - American Depositary Shares, each representing two common shares (JOBS)
Last 51job, inc. - american depositary shares, each representing two common shares earnings: 8/5 04:15 pm
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US:NASDAQ Investor Relations:
ir.51job.com
Company Research
Source: PR Newswire
SHANGHAI, Sept. 17, 2020 /PRNewswire/ -- 51job, Inc. (Nasdaq: JOBS) ("51job" or the "Company"), a leading provider of integrated human resource services in China, announced today that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter dated September 17, 2020 (the "Proposal Letter") from DCP Capital Partners, L.P. (the "Proposing Buyer") to acquire all of the outstanding common shares of the Company for US$79.05 in cash per common share (the "Proposed Transaction"). A copy of the Proposal Letter is attached hereto as Exhibit A.According to the Proposal Letter, the Proposing Buyer intends to fund the consideration payable in the Proposed Transaction with equity capital from the Proposing Buyer and debt financing.The Board plans to evaluate the Proposed Transaction. The Board cautions the Company's shareholders and others considering trading the Company's securities that the Board has just received the Proposal Letter and has not had an opportuni
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