Bid for Seek-controlled Zhaopin

Seek’s Chinese subsidiary Zhaopin has received a takeover bid from a consortium of private equity firms.

Seek’s 63% owned NYSE-listed subsidiary, Chinese employment listings company Zhaopin, today announced it had received a preliminary non-binding proposal from a private equity consortium. The consortium proposes to acquire the shares not owned by Seek at a price of US$8.75 each, a 22% premium to the last traded price. Note that shares are traded on the NYSE as American depositary receipts, which means the bid equates to US$17.50 per ADR.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles