In those jurisdictions where applicable laws or regulations require the Offer to Purchase to be made by a licensed broker or dealer, the Offer to Purchase shall be deemed to be made on behalf of Merger Sub by one or more registered brokers or dealers licensed under the laws of such jurisdiction to be designated by Merger Sub or Randstad. is serving as exclusive financial advisor to Monster and Dechert LLP is serving as legal counsel. Randstad Hong Kong | Executive Search | Job Agency | Employment Agency. Patents No. Randstad generated revenue of 19.2 billion in 2015. matt.anchin@monster.com, 2022 Randstad Pte. bob.jones@monster.com, For Monster Media Today, the company offers services in more than 40 markets, providing some of the broadest, most sophisticated job seeking, career management, recruitment and talent management capabilities. In those jurisdictions where applicable laws or regulations require the Offer to Purchase to be made by a licensed broker or dealer, the Offer to Purchase shall be deemed to be made on behalf of Merger Sub by one or more registered brokers or dealers licensed under the laws of such jurisdiction to be designated by Merger Sub or Randstad. For more information, see www.randstad.com.sg. . Buying A Book of Business. Randstad has used M&A to accelerate its strategy during the last nine months. 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). Randstad Holding said it agreed to buy Monster Worldwide Inc. for $429 millionsnapping up a pioneer of the online job-posting industry and bolstering the Dutch recruitment giant's position in . In July, Ranstad reported second quarter earnings before interest, taxation and amortisation (EBITA) of 240 million euros ($264 million), up from 215 million euros in the same period a year earlier. Randstad Holding nv is listed on the Euronext Amsterdam, where options for stocks in Randstad are also traded. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. The main focus for Randstad going forward with respect to acquired companies will be on integration and implementation. We look forward to working with the Randstad team to ensure a smooth transition.. View job details, responsibilities & qualifications. Shareholders of Monster will be able to obtain a free copy of these documents (when they become available) and other documents filed by Monster, Randstad or Merger Sub with the SEC at the website maintained by the SEC at www.sec.gov. Wells Fargo Securities is serving as exclusive financial advisor to Randstad and Jones Day is serving as legal counsel. bob.jones@monster.com, For Monster media: We are excited to join and be supported by Randstad, as we continue to build the best recruiting media, technologies, and platforms. For more information visit www.monster.com/about. We are excited to join and be supported by Randstad, as we continue to build the best recruiting media, technologies, and platforms. Patents No. With the addition of Monsters leading recruiting media, technologies, and platforms which connect people and jobs in more than 40 markets, Randstad intends to further expand its services to offer both clients and candidates tools for increased efficiency and engagement, connecting more people to more jobs. Randstad CEO Jacques van den Broek said that in addition to its strong U.S. name recognition, Monster brings a new technology platform and mobile phone presence to the Dutch-based company. The statements included in this press release contain forward-looking statements, which are generally statements that are not historical facts. For more information, see www.randstad.com.sg. In 2015, Randstad had approximately 29,750 corporate employees and around 4,473 branches and Inhouse locations in 39 countries around the world. Randstad to buy US rival Monster for $429 million. Monster is a digital venture owned by Randstad North America, a subsidiary of Randstad N.V., a 23.8 billion global provider of flexible work and human . In 2015, Randstad had approximately 29,750 corporate employees and around 4,473 branches and Inhouse locations in 39 markets around the world. The consideration represents a 22.7% premium to Monster's closing stock price onAugust 8, 2016, the last trading day prior to today's announcement and a 30.1% premium to the 90 day volume weighted average stock price. 5,850 (2010) Parent. Forward-looking statements are based on managements current plans, estimates, assumptions and projections, speak only as of the date they are made and include without limitation statements regarding the planned completion of the tender offer and the merger, statements regarding the anticipated filings and approvals relating to the tender offer and the merger, statements regarding the expected completion of the tender offer and the merger and statements regarding the ability of Merger Sub to complete the tender offer and the merger considering the various closing conditions. randstad hong kong press statement: scammers impersonating randstad employees on telegram and whatsapp. Whether you're looking for temporary, temporary-to-permanent or permanent opportunities, no one works . 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. randstad to acquire monster worldwide to transform the way people and jobs connect. 2022 CNBC LLC. Generous PTO. The tender offer referenced in this press release has not commenced. The cumulated impact of M&A, announced during the last nine months, on Randstad's revenue will be ~ 2 billion on an annualized basis. is serving as exclusive financial advisor to Monster and Dechert LLP is serving as legal counsel. Evercore Group L.L.C. Together with Randstad, Monster will be better positioned to fulfill our core mission, and our employees will benefit from becoming part of a larger, more diversified company. Randstads balance sheet is expected to remain solid after the closing of the recent string of acquisitions (Net Debt/EBITDA will remain well below 1.5x, compared to its policy to remain below 2x). In light of the announced agreement with Randstad, Monster has suspended any prior guidance and will not hold a conference call for its third quarter 2016 financial results. 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. Bob Jones (Investor Relations) machteld.merens@randstadholding.com, Information Agent About Monster Worldwide For more information, seewww.randstad.com. In addition, shareholders of Monster may obtain a free copy of these documents (when they become available) by visiting the "Investors" section of Monster's website athttp://ir.monster.com/. 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. Monster Worldwide, Inc. (NYSE: MWW) is a global leader in connecting people to jobs, wherever they are. The product is dying, and monster's leadership is doing nothing to save it. Upon commencement of the tender offer, Randstad North America, Inc. and its wholly-owned subsidiary, Merlin Global Acquisition, Inc. ("Merger Sub"), will file with the U.S. Securities and Exchange Commission (the "SEC") a Tender Offer Statement on Schedule TO containing an offer to purchase (the "Offer to Purchase"), a form of letter of transmittal (the "Letter of Transmittal") and other related documents and, thereafter, Monster will file with the SEC a Solicitation/Recommendation Statement on Schedule 14D9 with respect to the tender offer. machteld.merens@randstadholding.com, For Monster investors: Forward-looking statements are based on management's current plans, estimates, assumptions and projections, speak only as of the date they are made and include without limitation statements regarding the planned completion of the tender offer and the merger, statements regarding the anticipated filings and approvals relating to the tender offer and the merger, statements regarding the expected completion of the tender offer and the merger and statements regarding the ability of Merger Sub to complete the tender offer and the merger considering the various closing conditions. 65640 The transaction is subject to the satisfaction of customary closing conditions, including the tender of the majority of the outstanding Monster shares and the expiration or earlier termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of the European Commission (or the approval by those national competition authorities in the European Union that have jurisdiction as a result of a referral of the transaction under the EU Merger Regulation (Council Regulation 139/2004 of the European Union)) of the transaction pursuant to the EU Merger Regulation. Randstad, Merger Sub and Monster intend to mail documents to the shareholders of Monster. +1-212-929-5500, For Monster Investors For more information, see www.randstad.com. We look forward to welcoming the Monster team and working together to shape the evolving global job industry., Joining Randstad provides a unique opportunity to accelerate our ability to connect more people to more jobs, said Tim Yates, CEO of Monster. As such Randstad will reduce the pace of M&A and it is expected to limit this in the medium term to around 100 million. The Offer to Purchase is not being made to holders of (nor will tenders be accepted from or on behalf of holders of) shares of Monster's common stock in any jurisdiction in which the making of the Offer or the acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. For more than 20 years, Monster has helped people improve their lives with better jobs, and employers find the best talent. The cumulated impact of M&A, announced during the last nine months, on Randstad's revenue will be ~ 2 billion on an annualized basis. Randstad Holding nv (AMS: RAND), a leading human resources services provider, and Monster Worldwide, Inc. (NYSE: MWW), a global leader in connecting jobs and people, today announced the signing of a definitive agreement under which Randstad will acquire Monster. Monster in Worldwide Expand search. 7,599,930 B1; 7,827,125 and 7,836,060 - V: 2022.15.0.2-812- - Looking for Monster Cable? Randstad Holding nv is listed on the Euronext Amsterdam, where options for stocks in Randstad are also traded. You are successfully logged out of your my randstad account, You have successfully deleted your account. We look forward to working with the Randstad team to ensure a smooth transition.". Our services range from regular temporary staffing and permanent placements to Inhouse Services, Professionals, Search & Selection, outplacement, and HR Solutions. You'll provide second/third level technical support on a worldwide basis via phone, email, web and remote access for XR based products such as CRS-1 & CRS-3, ASR9000, NCS5500 and C8000. For more information visit www.monster.com/about. - October 31, 2016 - Randstad North America, Inc. , a wholly-owned subsidiary of Randstad Holding nv (AMS: RAND), announced today that its Randstad Successfully Completes Tender Offer To Acquire Monster Worldwide | Monster Government Solutions The consideration represents a 22.7% premium to Monsters closing stock price on August 8, 2016, the last trading day prior to todays announcement and a 30.1% premium to the 90 day volume weighted average stock price. matt.anchin@monster.com. 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