Specifically Randstad would pay $ 3.4 per share in cash, which is a victory for Monster, as yesterday and after the close of trading the share price was about 2.7. In addition, they have fallen to $ 8 in a single year. The purchase was completed during the fourth quarter of 2016, although the exact date has not transpired since "is subject to regulatory approvals."
Beyond the figures and as indicated from Randstad, "the transaction is intended to accelerate its ability to develop new features that deliver greater value to job seekers and employers ." "We intend to build a portfolio of world 's most comprehensive human resources" they have commented.
In any case, Monster will continue to operate as a separate and independent entity will keep its name. Tim Yates, CEO of the multinational, meanwhile said that "The union of Randstad offers a unique opportunity to accelerate its ability to connect more people with more jobs." "Together with Randstad, Monster will be better positioned to fulfill its primary mission, and its employees will benefit from being part of a larger, company diversified ".