Randstad to fully acquire Monster for US$3.40 per share on Nov 1

SINGAPORE (Oct 31): Come tomorrow, Monster Worldwide will no longer be listed on the New York Stock Exchange (NYSE).

The owner and operator of global employment website monster.com is expected to cease trading prior to market open on Nov 1 upon becoming a wholly-owned subsidiary of Randstad Holding, the Dutch human resource (HR) consulting firm.

In a Monday statement, Randstad says its North American unit’s wholly-owned subsidiary, Merlin Global Acquisition, has received 51.5% of Monster shares tendered – thus successfully completing its tender offer to acquire the outstanding shares of Monster’s common stock at a price of US$3.40 ($4.73) per share in cash.  

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