CTPartners Executive Search Inc. (NYSE MKT: CTP) received an unsolicited, non-binding proposal from DHR International to acquire all of the outstanding shares of the company for $7.00 per share, the New York-based search firm reported. DHR is a Chicago-based executive search firm.

Consistent with its fiduciary duties and in consultation with financial and legal advisors, the company stated its board of directors will carefully review and consider the offer, together with any other proposals it may receive and any other alternatives available to the company to determine the course of action that it believes is in the best interests of the company and its shareholders.

CTPartners recently announced plans to sell a $5.0 million registered underwritten offering of its common stock to one institutional investor. And today, New York-based AWM Investment Company Inc. reported in a Security and Exchange Commission filing that it now owns 1.4 million shares of CTPartners’ stock.

Shares in CTPartners rose 2.41% in early afternoon trading today to $6.24. The company has a market cap of approximately $45.12 million, according to Yahoo!

CTPartners is scheduled to report financial results on March 12.