RTTNews | Jun 21, 2021 09:54AM EDT

09:53 Monday, June 21, 2021 (RTTNews.com) - Shares of 51job Inc. (JOBS) are currently trading at $77.27, up $2.62 or 3.51%, with trading volume rising over 600K versus an average volume of 284K shares. The stock has been trading in the range of $59.74 - $80.50 for the past one year.

The company, on Monday, announced a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith would merge with and into 51job, with 51job being the surviving company, in a transaction implying an equity value of the company of about US$5.7 billion in which 51job would be acquired by a consortium of investors.

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