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JOBS - 51job Inc News Story

$71.51 -0.1  -0.1%

Last Trade - 13/05/21

Sector
Industrials
Size
Large Cap
Market Cap £3.43bn
Enterprise Value £2.25bn
Revenue £406.6m
Position in Universe 1400th / 6855

BUZZ-China-based 51job soars on $5.31 bln buyout proposal

Thu 17th September, 2020 5:23pm
** Human resource services provider's shares  JOBS.O  soar
16.6% to a seven-month high of $79.43, set for their best day
since March 2018 
    ** China-based co says it received an all-cash buyout
proposal from DCP Capital Partners that values co at $79.05
per/shr, representing a premium of 16% to stock's last close
    ** The total value of the proposal will be $5.31 bln,
according to Reuters calculations 
    ** DCP plans to fund the deal with its equity capital and
debt financing
    ** JOBS stock down 6.5% YTD

 (Reporting by C Nivedita in Bengaluru)
 ((C.Nivedita@thomsonreuters.com;))
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