WESTON, Mass., Nov. 2, 2016 /PRNewswire/ -- Monster Worldwide, Inc. today announced that, in connection with the completion of the acquisition of Monster (the " Acquisition") by Randstad North America, Inc. (" Randstad"), Monster has commenced an offer to repurchase (the " Repurchase Offer"), at the option of each holder, any and all of its outstanding 3.50% Convertible Senior Notes due 2019 (the " Notes"). On November 1, 2016, pursuant to the terms and conditions of a definitive merger agreement between the companies, Randstad completed the tender offer for all of the outstanding shares of common stock of Monster, consummated the merger of Monster with a wholly-owned subsidiary of Randstad and ceased trading of Monster's common stock on the New York Stock Exchange, each of which constituted a Fundamental Change (as defined in the indenture governing the Notes (the " Indenture")) and a Make-Whole Fundamental Change (as defined in the Indenture), triggering Monster's obligation to commence the Repurchase Offer and the conversion rights described below. Pursuant to the terms of the Indenture, each holder of the Notes has the right (the " Fundamental Change Repurchase Right"), at the holder's option, to require Monster to repurchase for cash all or part of such holder's Notes on December 5, 2016 (the " Fundamental Change Repurchase Date"). The repurchase price (the " Fundamental Change Repurchase Price") to be paid by Monster for Notes is $1,004.8611 per $1,000 principal amount of Notes validly tendered and not properly withdrawn, which is equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the Fundamental Change Repurchase Date. Holders may exercise their Fundamental Change Repurchase Right by providing notice in accordance with The Depositary Trust Company's (" DTC") applicable procedures (the " Fundamental Change Repurchase Notice") to Wilmington Trust, National Association, as tender agent (the " Tender Agent"), at any time on or before 5:00 p.m., New York City time, on December 2, 2016 (the " Fundamental Change Expiration Time") and by delivering the Notes described in the Fundamental Change Repurchase Notice to the Tender Agent through book-entry transfer on or after delivery of the Fundamental Change Repurchase Notice. Any holder that elects to exercise its Fundamental Change Repurchase Right may withdraw its election with respect to any Notes, in whole or in part, by delivering a written notice of withdrawal in accordance with DTC's applicable procedures to the Tender Agent at any time prior to the Fundamental Change Expiration Time.