Privately held DHR International Inc. remains intent on buying CTPartners Executive Search Inc. (CTP), despite the CEO of the target recently turning down an offer valued at $61 million. Adding to the uncertainty is a New York Post report detailing alleged sexual discrimination against CTPartners employees. The controversy surrounding CTPartners has caused its stock price to spiral downward, creating an opportune time for its larger rival, DHR, to pursue an acquisition. But Chicago-based DHR could face competition from its larger peers, including Korn/Ferry International and Heidrick & Struggles International Inc., now that CTPartners has hired Robert W. Baird to explore all of its strategic alternatives.
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