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June 21, 2021, 8:31 a.m. EDT

51job to go private in a buyout deal valued at $5.7 billion

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By Tomi Kilgore

51job Inc. /zigman2/quotes/206279518/composite JOBS +0.04% announced Monday an agreement in which it the China-based human resources services company will be acquired by Garnet Faith Ltd. in a deal valued at $5.7 billion. Under terms of the deal, 51job shareholders will receive $79.05 in cash for each American depositary share they own. That price is 5.9% above Friday's closing price of $74.65. 51job's stock was up fractionally prior to a trading halt for news, with the stock set to resume trading at 8:45 a.m. Eastern. The stock had closed at $61.33 on May 3, then shot up 11.2% on May 4, after the company said it received an updated "going-private" proposal. The stock has gained 6.6% year to date through Friday, while the iShares MSCI China ETF /zigman2/quotes/206267952/composite MCHI -0.63% has slipped 0.8% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.54% has gained 10.9%.

/zigman2/quotes/206279518/composite
US : U.S.: Nasdaq
$ 72.02
+0.03 +0.04%
Volume: 1.22M
July 30, 2021 4:00p
P/E Ratio
35.36
Dividend Yield
N/A
Market Cap
$4.86 billion
Rev. per Employee
$60,221
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/zigman2/quotes/206267952/composite
US : U.S.: Nasdaq
$ 71.27
-0.45 -0.63%
Volume: 3.81M
July 30, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,395.26
-23.89 -0.54%
Volume: 2.25B
July 30, 2021 5:06p
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