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home / news releases / JOBS - Why 51job Stock Just Popped by 11%

JOBS - Why 51job Stock Just Popped by 11%

51job Inc.

Shares of 51job (NASDAQ: JOBS) were trading 11% higher as of 1:15 p.m. EDT Thursday after the Chinese job-search website revealed that Beijing-based private equity firm DCP Capital Partners had approached it with a buyout proposal.  

DCP is proposing to pay $79.05 per share for 51job in a buyout valued at $5.3 billion, using a combination of cash on hand and debt financing.

Image source: Getty Images.

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Stock Information
Company Name: 51job Inc.
Stock Symbol: JOBS
Market: NASDAQ
Website: 51job.com
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