RTTNews | Sep 21, 2020 06:10AM EDT

06:09 Monday, September 21, 2020 (RTTNews.com) - 51job, Inc. (JOBS) said its Board has formed a special committee consisting of two independent directors to consider the preliminary non-binding acquisition proposal as well as other potential strategic alternatives. On September 17, the Board of 51job, Inc. received a preliminary non-binding proposal letter from DCP Capital Partners, L.P. to acquire all of the outstanding common shares of the company for $79.05 in cash per common share.

The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel.

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