CDH targets $1.1b buyout of US-listed Zhaopin
CDH Investments is part of a consortium that has submitted a take-private offer for Chinese recruitment website Zhaopin, which is majority owned by Australia’s Seek. The bid values the US-listed company at $1.1 billion.
CDH and Shanghai Goliath Investment Management - an entity represented by Fabing Qu, who does not appear to be a sizeable existing shareholder in Zhaopin - is willing to pay $17.50 apiece for all outstanding...
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