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Global — Randstad completes public takeover of Proffice

February 08, 2016

Randstad Nordic AB completed its public takeover offer to the shareholders in Proffice AB, a Swedish-based listed staffing and recruiting company, and Proffice’s board of directors applied for de-listing of Proffice’s B-shares from Nasdaq Stockholm. The last day of trading in the Proffice shares at Nasdaq Stockholm is Feb. 19.

Randstad announced the public offer in November.

Randstad now controls 97.3% of the outstanding shares in Proffice, corresponding to 97.9% of the votes. Randstad notified Proffice’s board of directors that it will initiate compulsory acquisition proceedings to acquire the remaining shares.

The acceptance period for Randstad’s offer has been extended up to and including Feb. 17, to allow remaining shareholders in Proffice to accept the offer.

Proffice last week announced it will postpone the publication of its full year report to Feb. 29 from its original date of Feb. 9, and will elect a new board.

Proffice ranks on Staffing Industry Analysts list of largest global staffing firms.