Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Randstad Holding    RAND   NL0000379121

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

RANDSTAD : receives Canadian Competition Act clearance in relation to tender offer for shares of SFN Group

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/23/2011 | 10:25am CET
Randstad Holding nv (RAND.AS) announces that on August 22, 2011 the Canadian Competition Bureau issued a no-action letter which constitutes Canadian Competition Act clearance for the proposed acquisition of SFN Group (NYSE: SFN) by Randstad Holding nv. The clearance in Canada and the previously announced early termination of the HSR waiting period in the US constitute the regulatory approvals necessary to satisfy the closing conditions for the tender offer.

The tender offer to purchase all outstanding shares of common stock of SFN Group at a price of $14.00 per share in cash, without interest and less any required withholding taxes, commenced on August 1, 2011, through Randstad's indirect, wholly owned subsidiaries Randstad North America LP and Cosmo Delaware Acquisition Corp. The tender offer will expire at 5 pm EDT, on August 29, 2011, unless extended in accordance with the terms of the merger agreement and applicable SEC rules and regulations.

The complete terms and conditions of the tender offer are set forth in the Offer to Purchase, copies of which are available by contacting the Information Agent, Georgeson Inc., at (888) 661 5651 or via the SEC's website at www.sec.gov.

Randstad Profile

Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. The Randstad Group is one of the leading HR services providers in the world with top three positions in Argentina, Belgium & Luxembourg, Canada, Chile, France, Germany, Greece, India, Mexico, the Netherlands, Poland, Portugal, Spain, Switzerland and the UK, as well as major positions in Australia and the United States. End 2010 Randstad had approximately 27,500 employees working from close to 4,200 branches and inhouse locations in 43 countries around the world. Randstad generated a revenue of € 14.2 billion in 2010. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam, where options for stocks in Randstad are also traded. For more information see www.randstad.com.

SFN Group Profile

SFN Group (NYSE:SFN) is a strategic workforce solutions company that provides professional services and general staffing to help businesses more effectively source, deploy and manage people and the work they do. As an industry pioneer, SFN Group has sourced, screened and placed millions of individuals in temporary, temp-to-hire and full-time jobs for more than 65 years. With approximately 560 locations in the United States and Canada, SFN delivers strategic workforce solutions that improve business performance. From outsourcing to technology to professional services to staffing, SFN delivers the best combination of people, performance and service to improve the way work gets done. It provides its services to over 8,000 customers, from Fortune 500 companies to a wide range of small and mid-size organizations. The company employs more than 170,000 people annually through its network and is one of North America's largest employers. SFN provides its solutions through a family of specialized businesses: Technisource, Tatum, The Mergis Group, Todays Office Professionals, SourceRight Solutions and Spherion Staffing Services. To learn more, visit www.sfngroup.com.

Disclaimer, Securities Law Disclosure and Additional Information

This press release is for informational purposes. It does not constitute an offer to purchase or a solicitation of an offer to sell securities. Randstad North America L.P. have filed a tender offer statement on Schedule TO with the Securities and Exchange Commission, and SFN Group has filed a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer. Any offers to purchase or solicitations of offers to sell will be made only pursuant to such tender offer statement. The tender offer statement (including an Offer to Purchase, a related Letter of Transmittal and other offer documents) and the related solicitation/recommendation statement contain important information, including the various terms of, and conditions to, the tender offer, that should be read carefully by SFN Group's stockholders before they make any decision with respect to the tender offer. Such materials have been made available to SFN Group's stockholders at no expense to them. In addition such materials (and all other offer documents filed with the SEC) are available at no charge on the SEC's website, www.sec.gov.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on RANDSTAD HOLDING
02/20 RANDSTAD : France will implement a squeeze-out on Ausy shares and ORNANE
02/20 RANDSTAD : Pymetrics Secures Venture Funding from Randstad Holding
02/16 RANDSTAD : Hot or not? Discover this year's most in-demand jobs
02/14 Q4 2016 : Improving momentum in Europe
02/09RANDSTAD HOLDING NV : annual earnings release
01/31 RANDSTAD : Hot or Not? Discover this Year's Most In-Demand Jobs
01/25 RANDSTAD FRANCE GAINS CONTROL OF AUS : Randstad France to hold nearly 93% of out..
01/19 REC SILICON : LLC, a Wholly Owned Subsidiary of Renewable Energy Corporation ASA..
01/15 RANDSTAD : Workplace of the future will be agile, with robot bosses Rex Huppke
01/13 RANDSTAD : Workplace of the future will be agile, with robot bosses Rex Huppke T..
More news
Sector news : Employment Services - NEC
02/01DJAUTOMATIC DATA PROCESSING : ADP Lowers 2017 Outlook as Bookings Fall
02/01DJMARKET SNAPSHOT : U.S. Stocks Set For Gains As Apple Drives Tech Rally
02/01DJMARKET SNAPSHOT : U.S. Stocks Set For Gains As Apple Drives Tech Rally
02/01DJMARKET SNAPSHOT : Nasdaq Set To Outperform As Apple Shares Drive Tech Rally In U..
2016DJRECRUIT : Jobless Rate Hits Lowest Level Since Before Recession
More sector news : Employment Services - NEC
News from SeekingAlpha
02/14 Randstad Holdings' (RANJF) CEO Jacques van den Broek on Q4 2016 Results - Ear..
02/14 Randstad Holding NV 2016 Q4 - Results - Earnings Call Slides
02/14 Randstad Holdings NV reports Q4 results
2016 KELLY SERVICES : A Dividend Payer In The Competitive Staffing Provider Marketpla..
2016 PRESIDENT TRUMP : The First 100 Days' Investment Winners
Advertisement
Financials (€)
Sales 2017 22 801 M
EBIT 2017 985 M
Net income 2017 651 M
Debt 2017 631 M
Yield 2017 3,76%
P/E ratio 2017 14,46
P/E ratio 2018 13,56
EV / Sales 2017 0,46x
EV / Sales 2018 0,43x
Capitalization 9 928 M
More Financials
Chart RANDSTAD HOLDING
Duration : Period :
Randstad Holding Technical Analysis Chart | RAND | NL0000379121 | 4-Traders
Full-screen chart
Technical analysis trends RANDSTAD HOLDING
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 57,2 €
Spread / Average Target 5,6%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Jacques W. van den Broek Chairman-Executive Board & Chief Executive Officer
Wout Dekker Chairman-Supervisory Board
Robert Jan van de Kraats CFO & Vice Chairman-Executive Board
Henri Giscard d'Estaing Member-Supervisory Board
Giovanna Kampouri Monnas Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
RANDSTAD HOLDING5.14%10 475
ADECCO GROUP AG5.78%11 963
MANPOWERGROUP INC.9.61%6 585
ROBERT HALF INTERNATIO..-1.64%6 129
TEMP HOLDINGS CO., LTD..7.91%4 146
ON ASSIGNMENT, INC.8.29%2 514
More Results