PE consortium cuts 51job take-private offer by 28%
A private equity consortium pursuing a take-private of US-listed Chinese online recruitment platform 51job has cut its offer price by 28%, citing deteriorating market conditions, regulatory tightening in China, and the continuing impact of COVID-19.
DCP Capital Partners submitted a bid of USD 79.05 per American Depository Share in September 2020, representing a 16.05% premium to the previous close. Other parties subsequently joined the consortium,...
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