Zhaopin Rallies on Sequoia-Backed Bid for Chinese Job Recruiter

  • Trading volume surges to almost 9 times three-month average
  • Offer is part of a record wave of going-private proposals

Zhaopin Ltd. rallied the most since January as Sequoia China Investment Management joined the Chinese online employment recruiter’s management to take the company private in a bid that exceeded a previous offer.

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