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51job Forms Special Committee To Evaluate Acquisition Proposal - Quick Facts

(RTTNews) - 51job, Inc. (JOBS) said its Board has formed a special committee consisting of two independent directors to consider the preliminary non-binding acquisition proposal as well as other potential strategic alternatives. On September 17, the Board of 51job, Inc. received a preliminary non-binding proposal letter from DCP Capital Partners, L.P. to acquire all of the outstanding common shares of the company for $79.05 in cash per common share.

The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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