JOBS - 51job gains amid report of China antitrust possible review of take private deal

51job (NASDAQ:JOBS) rose 3.5% amid a report that China's antitrust regulator may review the take private deal. China's State Administration for Market Regulator or SAMR is said to be looking at the transaction and may review the case under its normal procedure, according to traders, who cited a report that is being circulated. The move also follows a Reuters report earlier that ride-sharing company Didi Global (NYSE:DIDI) is preparing to restart its ride-sharing and other apps in China by the end of the year as it expects regulators will conclude their cybersecurity probe by then. The report comes after JOBS plunged almost 20% on Monday after  the Chinese human resources company said the buyer consortium formed to acquire the company has been in talks with regulators on recent regulatory changes that may impact the transaction. In June, 51job agreed to a going-private transaction with Garnet Faith for $79.05/share, implying an equity value of $5.7B.

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51job gains amid report of China antitrust possible review of take private deal