Randstad Holding To Acquire Monster Worldwide for $429 million

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9 August 2016, USA :

Randstad Holding, a leading human resources services provider and Monster Worldwide, a global leader in connecting jobs and people, today announced the acquisition. Randstad will be paying $3.40 per share in cash, or a total purchase price of approximately $429 million.

“In an era of massive technological change, employers are challenged to identify better ways to source and engage talent,” said Jacques van den Broek, CEO of Randstad. “With its industry leading technology platform and easy to use digital, social and mobile solutions, Monster is a natural complement to Randstad.

Monster is a global leader in connecting people to jobs, wherever they are. The company offers services in more than 40 countries, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities.

The Boards of Directors of both the companies have unanimously approved the terms of the merger agreement, and the Board of Directors of Monster has resolved to recommend that shareholders accept the offer, once it is commenced.

“Joining Randstad provides a unique opportunity to accelerate our ability to connect more people to more jobs,” said Tim Yates, CEO of Monster. Together with the company, Monster will be better positioned to fulfill our core mission, and our employees will benefit from becoming part of a larger.”

Randstad specializes in solutions in the field of flexible work and human resources services. Their services range from regular temporary staffing and permanent placements to Inhouse Services, Professionals, Search & Selection, outplacement, and HR Solutions. The company is one of the leading HR services providers in the world.

 

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