May 5, 2016 / 8:55 AM / 3 years ago

BRIEF-Consortium submits non-binding proposal to acquire NYSE-listed Zhaopin

May 5 (Reuters) - Consortium Submits Non :

* Binding proposal to acquire nyse-listed zhaopin limited

* Says deal for US$17.75 in cash per american depositary share

* Consortium submitted to co’s board preliminary proposal to buy all shares in co not owned by consortium for $8.875 per ordinary share of co

* Consortium to form acquisition co for purpose of implementing deal and intends to finance it with equity from its members and bank financing

* Consortium submits non-binding proposal to acquire NYSE-listed Zhaopin limited

Source text for Eikon:

Further company coverage: (Reporting by Vishal Sridhar)

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