DIEMEN, Netherlands and
WESTON, Massachusetts,
Nov. 1, 2016 /PRNewswire/
-- Randstad Holding nv (AMS: RAND), a leading human resources
services provider, announced today that it has completed its
acquisition of Monster Worldwide, Inc. (NYSE: MWW) for
approximately USD $429 million
(enterprise value). Monster, a global leader in connecting jobs and
people, will continue operating as a separate and independent
entity under the Monster name.
As a result of the acquisition, Monster's common stock ceased
trading prior to market open today, November
1, 2016, on the New York Stock Exchange and is no longer
listed on the New York Stock Exchange.
Advisors
Wells Fargo Securities served as exclusive financial advisor to
Randstad and Jones Day served as
legal counsel. Evercore Group L.L.C. served as exclusive financial
advisor to Monster and Dechert LLP served as legal counsel.
About Randstad
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. Randstad Group is one of the leading HR services
providers in the world, with top-three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the
Netherlands, Poland,
Portugal, Spain, Switzerland, the UK, and the United States, as well as major positions
in Australia and Japan. In
2015, Randstad had approximately 29,750 corporate employees and
around 4,473 branches and Inhouse locations in 39 countries around
the world. Randstad generated revenue of €19.2 billion in
2015. Randstad was founded in 1960 and is headquartered in
Diemen, the Netherlands. Randstad Holding nv is listed on the
Euronext Amsterdam, where options for stocks in Randstad are also
traded. For more information, see www.randstad.com.
About Monster Worldwide
Monster Worldwide, Inc. is a global leader in connecting people
to jobs, wherever they are. For more than 20 years, Monster has
helped people improve their lives with better jobs, and employers
find the best talent. Today, 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. Monster continues its pioneering
work of transforming the recruiting industry with advanced
technology using intelligent digital, social and mobile solutions,
including our flagship website Monster.com® and a vast array of
products and services. For more information visit
www.monster.com/about.
Forward-Looking Statements
The statements included in this press release contain
forward-looking statements, which are generally statements that are
not historical facts. Forward-looking statements can be
identified by the words "expects," "anticipates," "believes,"
"intends," "estimates," "plans," "will," "outlook" and similar
expressions. Forward-looking statements are based on management's
current plans, estimates, assumptions and projections, speak only
as of the date they are made. Randstad and Monster undertake no
obligation to update any forward-looking statement in light of new
information or future events, except as otherwise required by law.
Forward-looking statements involve inherent risks and
uncertainties, most of which are difficult to predict and are
generally beyond the control of either company, including the
following: (a) the risk that the transaction disrupts current plans
and operations; (b) difficulties or unanticipated expenses in
connection with integrating Monster into Randstad; (c) the risk
that the acquisition does not perform as planned; and (d) potential
difficulties in employee retention following the closing of the
transaction. Actual results or outcomes may differ materially from
those implied by the forward-looking statements as a result of the
impact of a number of factors, many of which are discussed in more
detail in the public reports of each company filed or to be filed
with the SEC or the Amsterdam Stock Exchange.
