Adecco to Buy MPS Group for $1.3B
Stock quotes in this article:
MPS
JACKSONVILLE, Fla. (TheStreet) -- MPS Group(MPS Quote) will be acquired for $13.80 a share, or about $1.3 billion, by rival Adecco of Switzerland, the world's largest staffing company.
The purchase price is a 24% premium to the closing price of MPS Monday of $11.14. MPS said Tuesday its board has approved the deal. The acquisition is expected to close in the first quarter of 2010. It is subject to MPS shareholder approval. "Together, MPS Group and Adecco will be well-positioned to deliver a broad range of high-value professional staffing solutions to our clients," said Timothy Payne, MPS CEO, in a statement. -- Reported by Joseph Woelfel in New York . Follow TheStreet.com on Twitter and become a fan on Facebook.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,390.11 | 1,103.25 | 2,189.61 | 34.48 |
Oil *
76.70
|
|
UP
1.21
|
DOWN
2.73
|
DOWN
4.74
|
DOWN
0.35
|
10 Yr
3.45%
SPDR Gold
113.11
|
|
+0.01%
|
-0.25%
|
-0.22%
|
-1.00%
|
Data delayed 20 minutes |
