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BRIEF-Zhaopin enters into definitive merger agreement
April 6, 2017 / 10:55 AM / 8 months ago

BRIEF-Zhaopin enters into definitive merger agreement

April 6 (Reuters) - Zhaopin Ltd:

* Zhaopin enters into definitive merger agreement

* Zhaopin Ltd - holders of shares and ADSS as of immediately prior to effective time will be entitled to receive a cash special dividend

* Zhaopin Ltd - if completed, merger will result in company becoming a privately-held company and ADSS will no longer be listed on NYSE

* Zhaopin Ltd - special dividend will be a minimum US$0.28 and maximum US$1.35 per share which will be paid to shareholders and ads holders

* Zhaopin- buyer group intends to fund deal through cash contributions from affiliates of members of buyer group and cash in company, its subsidiaries

* Zhaopin Ltd -buyer group to acquire co for US$9.10 per ordinary share of co and US$18.20 per American depositary share of co, each representing two shares Source text for Eikon: Further company coverage:

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