Company Statement: Randstad and Vedior to create an HR services industry leader
( December 3, 2007, 16:29 GMT | Official Statement) -- Extract: Randstad Holding nv ("Randstad") and Vedior N.V. ("Vedior") announce that they have reached conditional agreement to combine Randstad and Vedior to create the second largest HR services company worldwide.Randstad Holding nv ("Randstad") and Vedior N.V. ("Vedior") announce that they have reached conditional agreement to combine Randstad and Vedior to create the second largest HR services company worldwide. The combination will be achieved by means of a public offer for all of the outstanding share capital of Vedior in a mixed cash and share exchange offer, comprising € 9.50 in cash and 0.32759 Randstad shares for each Vedior share (the "Offer"). Based on Randstad's closing share price on 29 November 2007 of € 32.62, the day prior to Randstad and Vedior confirming that they were in discussions regarding a possible combination, the Offer values Vedior at € 20.19 per share implying a 64.1% premium to the closing share price as of 29 November 2007 and a premium of 51.8% to the volume weighted average share price over the month ended 29 November 2007. The share component of the Offer provides Vedior shareholders with the opportunity to benefit from the significant upside potential arising from the combination....
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