DIEMEN, THE NETHERLANDS and WESTON, MASS. – November 1, 2016 – Randstad Holding NV (A.M.S.: RAND), a leading human resources services provider, announced today that it had completed its acquisition of Monster Worldwide, Inc. (NYSE: M.W.W.) 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 before market opening today, November 1, 2016, on the New York Stock Exchange and is no longer listed on the New York Stock Exchange.
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 L.L.P. acted as legal counsel.
Randstad specializes in solutions in flexible work and human resources services. Our services range from regular temporary staffing and permanent placements to Inhouse Services, Professionals, Search & Selection, outplacement, and H.R. Solutions.
Randstad Group is one of the leading H.R. 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 U.K., and the United States, as well as significant positions in Australia and Japan.
In 2015, Randstad had approximately 29,750 corporate employees, around 4,473 branches, and In-house locations in 39 countries worldwide.
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.
The statements included in this press release contain forward-looking 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 and 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:
- the risk that the transaction disrupts current plans and operations;
- difficulties or unanticipated expenses in connection with integrating Monster into Randstad;
- the chance that the acquisition does not perform as planned; and
- potential problems in employee retention following the closing of the transaction. Actual results or outcomes may differ materially from those implied by the forward-looking statements due to the impact of many factors, many of which are discussed in more detail in the public reports of each company filed or filed with the S.E.C. or the Amsterdam Stock Exchange.
for randstad investors
Arun Rambocus (Director of Investor Relations)
+31 20 569 5940
+31 6206 18370 (Mobile + WhatsApp)
for randstad media
Machteld Merens (Director Group Communications)
+31 20 569 1732
MacKenzie Partners, Inc.
DIEMEN, THE NETHERLANDS and WESTON, MASS. – November 1, 2016 – Randstad Holding NV (AMS: RAND), a leading human resources services provider, announced today that it had 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 before market opening today, November 1, 2016, on the New York Stock Exchange and is no longer listed on the New York Stock Exchange.