RTTNews | Jan 12, 2022 08:42AM EST

08:41 Wednesday, January 12, 2022 (RTTNews.com) - 51job, Inc. (JOBS) said its Board and the special committee have received a proposal letter from Garnet Faith Limited in connection with the proposed merger. In the proposal letter, Garnet Faith Limited proposed to reduce the merger consideration from $79.05 in cash per common share to $57.25 in cash per common share and reduce the combined ownership of DCP Capital Partners II, L.P. and Ocean Link Partners Limited in 51job upon consummation of the proposed merger to 9.99%.

51job said the special committee will evaluate the proposed amendments in light of the latest development with the assistance of its financial and legal advisors.

Read the original article on RTTNews ( https://www.rttnews.com/3254597/51job-special-committee-to-evaluate-proposed-revised-transaction-from-garnet-faith.aspx)

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