51job Receives Updated Non-binding Proposal Letter From Cons

51job Receives Updated Non-binding Proposal Letter From Consortium
BEIJING (dpa-AFX) - 51job, Inc. (JOBS) said the company's Board has received an updated preliminary non-binding proposal letter from DCP Services Limited, Ocean Link Partners Limited, and Rick Yan, the Chief Executive Officer of 51job, with respect to the proposed going-private deal wherein the Consortium proposes to acquire all of the outstanding common shares of the company for $79.05 in cash per share.
51job, Inc. said the Special Committee of its Board will continue to evaluate the proposed deal in light of the latest development.
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