|Bid||0.00 x 1200|
|Ask||78.34 x 900|
|Day's Range||70.02 - 72.72|
|52 Week Range||53.94 - 92.61|
|Beta (5Y Monthly)||0.89|
|PE Ratio (TTM)||41.67|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Shares of 51job (NASDAQ: JOBS), a Chinese job-search and human-resources services company, slipped 10.1% in October, according to data from S&P Global Market Intelligence. The stock appears to have lost ground for two reasons: a pullback for the broader market, and investor impatience about the company's potential acquisition by DCP Capital Partners. 51job stock climbed 19% in September, thanks to news that DCP Capital Partners had issued a nonbinding offer to acquire the company at a price of roughly $5.3 billion -- or $79.05 per share.
Shares of 51job (NASDAQ: JOBS) climbed 19% in September, according to data from S&P Global Market Intelligence. 51job published a press release on Sept. 17 announcing that DCP Capital Partners had approached the company with a preliminary, non-binding buyout offer. 51job issued a follow-up press release on Sept. 21, stating that it had formed a special committee headed by board members Li-Lan Cheng and Eric He to evaluate DCP's offer and other potential strategic alternatives.
Shares of 51job (NASDAQ: JOBS) were trading 11% higher as of 1:15 p.m. EDT Thursday after the Chinese job-search website revealed that Beijing-based private equity firm DCP Capital Partners had approached it with a buyout proposal. DCP is proposing to pay $79.05 per share for 51job in a buyout valued at $5.3 billion, using a combination of cash on hand and debt financing. For now, all 51job is saying is that it "plans to evaluate the Proposed Transaction" -- and does not even undertake to "provide any updates with respect to this or any other transaction" to its shareholders.