Adecco bids for Dutch employment firm

0 Comments | AFP, September, 2008

ZURICH (AFP) — Switzerland's Adecco, the world's largest staff recruitment group, said on Monday it is offering 56 million euros (82 million dollars) for Dutch human resources firm DNC De Nederlanden Compagnie.

The deal would make the group the third largest staff recruitment agency in the Netherlands and the offer is "unanimously" supported by the DNC board, Adecco said in a statement.

The acquisition is a "big step forward in realizing our ambition to become the market leader in professional staffing in The Netherlands."

At 12.25 euros per share in cash, the offer represents a premium of 52 percent to the closing price of DNC shares on August 29.

© 2008 AFP