April 6, 2017 / 10:37 PM / 4 months ago

BRIEF-Seek Ltd says Zhaopin signs merger agreement

1 Min Read

April 7 (Reuters) - Seek Ltd:

* Zhaopin signs merger agreement between Seek, Hillhouse Capital Management and Fountainvest Partners

* Buyer group will acquire all of outstanding shares of Zhaopin for total consideration equal to US$18.20 per American depositary share of company

* Consideration will be in form of a special dividend, which will be a minimum US$0.56 and maximum US$2.70 per ads and an additional cash payment

* If completed, merger will result in Zhaopin becoming a privately-held company and adss will no longer be listed on NYSE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below