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Actionable news in MWW: MONSTER WORLDWIDE INC,

Randstad to Scoop Up Monster for $429 Million

Dutch staffing agency Randstad will acquire online job site Monster Worldwide (MWW) for an enterprise value of around $429 million to expand its digital footprint though it plans to slow down the pace of M&A from now on.

The Amsterdam-based buyer is offering $3.40 per share in cash, or 22.7% above the target's Monday closing share price in New York, it announced Tuesday, Aug. 9.

Monster, which is based in Weston, Mass., has a current market value of around $234.8 billion. That's well below what it was during the 2000 tech bubble when the stock was trading above $90 a share...


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