Why 51job Stock Gained 19% in September

Keith Noonan, The Motley Fool
·2-min read
Why 51job Stock Gained 19% in September
Why 51job Stock Gained 19% in September

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.