Monster Worldwide (MWW) Misses Q2 EPS by 1c
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Randstad to Acquire Monster Worldwide (MWW) in ~$429M Deal
August 9, 2016 5:44 AM EDTRandstad Holding nv and Monster Worldwide, Inc. (NYSE: MWW) announced the signing of a definitive agreement under which Randstad will acquire Monster. Under the terms of the merger agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429 million (enterprise value).
By leveraging Monster's multiple distribution channels to bridge two different but complementary parts of the extended recruiting industry, Randstad intends to build the world's most comprehensive portfolio of HR services. Monster will continue operating as a separate and independent entity under the Monster name.
"In an era of... More
