Connecting to LinkedIn...

Blank

Tender offer for Japanese FujiStaff Holdings successfully completed

Tender offer for Japanese FujiStaff Holdings successfully completed
Randstad Holding nv announces its tender offer for all of the issued and outstanding shares of Japanese HR services firm FujiStaff Holdings (FujiStaff) has been successfully completed.
During the acceptance period, which ended at 15.00 hours, Tokyo time, on 13 October 2010, a total of 606,526 shares have been tendered for acceptance under the offer. This total includes the shares previously held by the founding shareholders as well as by Randstad and represents a 95.1% economic stake in FujiStaff. Randstad therefore declares the offer unconditional.
We see the result of this tender offer as a vote of confidence for our ambitions in Japan, says Ben Noteboom, CEO Randstad Holding. We are pleased that the FujiStaff companies will be part of the Randstad Group soon. We warmly welcome these dedicated and competent new colleagues. Together with them, we can make the best use of the opportunities arising in the market.
The payment of Yen 27,500 per tendered share will take place on the settlement date, October 20th. As a next step Randstad will pursue a squeeze out following Jasdaq Stock Exchange regulation, aiming for full ownership and delisting of FujiStaff in Q1 2011.

Tags:

Articles similar to

Articles similar to