51Job Inc. - ADR

NASDAQ:JOBS   3:59:51 PM EDT
77.80
-0.56 (-0.72%)
Mergers / Acquisitions

51Job, Inc. Enters Into A Definitive Agreement For Going-Private Transaction

Published: 06/21/2021 12:30 GMT
51Job Inc. - ADR (JOBS) - 51job, Inc. Enters Into a Definitive Agreement for Going-private Transaction.
51job Inc - Transaction Implying an Equity Value of Company of Approximately Us$5.7 Billion in Which Company Will Be Acquired by a Consortium of Investors.
51job Inc - Entered Into a Definitive Agreement and Plan of Merger With Garnet Faith Limited.
51job Inc - Under Agreement, Each Outstanding Ads Will Be Cancelled in Exchange for Right to Receive Us$79.05 in Cash per Ads Without Interest.
51job Inc - Consortium Includes Dcp Capital Partners Ii, Lp , Ocean Link Partners & Rick Yan, CEO of Company.
51job Inc - Recruit Holdings is Also Participating in Transaction With Consortium.
51job Inc - Consortium Intends to Fund Merger Through a Combination of Cash Contributions From Certain Members of Consortium.