Randstad Commences Previously Announced Tender Offer For Outstanding Shares of Monster Worldwide (MWW)
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Randstad North America, Inc., a wholly-owned subsidiary of Randstad Holding nv (AMS: RAND), announced today that its wholly-owned subsidiary, Merlin Global Acquisition, Inc., has commenced its previously announced tender offer for any and all outstanding shares of common stock of Monster Worldwide, Inc. (NYSE: MWW), at a price of $3.40 per share in cash, without interest thereon and less any applicable withholding taxes. The tender offer is being made in accordance with the terms of the Agreement and Plan of Merger, dated August 8, 2016, by and among Monster Worldwide, Inc., Randstad North America, Inc. and Merlin Global Acquisition, Inc.
The board of directors of Monster has determined that the offer is advisable, fair to and in the best interests of Monster and its stockholders and recommends that the stockholders of Monster accept the offer and tender their shares.
The tender offer is scheduled to expire at 12:00 midnight, New York City time, at the end of the day on October 3, 2016, unless extended.
Complete terms and conditions of the tender offer can be found in the Offer to Purchase, Letter of Transmittal and other related materials being filed by Randstad North America, Inc. and Merlin Global Acquisition, Inc. with the SEC on September 6, 2016. In addition, on September 6, 2016, Monster is filing a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC relating to the offer. The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, applicable to the merger was terminated on August 26, 2016. The parties are in the process of seeking competition law approval from the European Commission.
Copies of the Offer to Purchase, Letter of Transmittal and other related materials are available free of charge by contacting MacKenzie Partners, Inc., the information agent for the tender offer, toll-free at (800) 322-2885 (or at +1 212-929-5500 collect if you are located outside the U.S. and Canada), or by email to email@example.com, and, when they become available, at the website maintained by the SEC at www.sec.gov. Broadridge Corporate Issuer Solutions, Inc. is acting as depositary for the tender offer. Questions regarding the tender offer may be directed to Wells Fargo Securities, LLC, the dealer manager, toll-free at (877) 450-7515.
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