Randstad Holding nv on Friday completed its tender offer to acquire outstanding shares of common stock of Monster Worldwide Inc. (NYSE: MWW). The merger of the firms, first announced in August, is expected to occur on Tuesday, and Monster will become a wholly owned subsidiary of Randstad. The deal had been opposed by MediaNewsGroup Inc., which held an 11.5% stake in Monster but had its own tender offer to raise its stake to 21.5% as part of its bid to prevent the acquisition.

Randstad announced 51.5% of shares tendered at a cash price of $3.40 per share. Shareholders who did not tender shares will be given the right to $3.40 per share in cash for their shares, under a legal procedure in Delaware.

“Through this combination we are able to accelerate our digital strategy and our ability to serve our customers and candidates with transformational ‘tech and touch’ services,” said Randstad CEO Jacques van den Broek. “With Monster’s easy to use digital, social and mobile solutions and Randstad’s global network, we now have the ability to create comprehensive and technologically advanced capabilities for human resources services in a global job market defined by rapid technological change.”

The Monster brand will remain and continue operating as a separate and independent entity.

“Joining Randstad provides Monster with the opportunity to grow as a formidable industry leader, building the most sophisticated global platform of talent data, services and tools for connecting jobs and people,” Monster Worldwide CEO Tim Yates said. “We are excited to begin Monster’s next chapter and accelerate our transformation.”