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Randstad picks up 10.23% of Vedior

December 05 2007
Randstad Holding NV acquired 10.23% of Vedior NV's shares through market purchases on Monday and Tuesday, Thomson Financial reported today. Randstad, the world's third-largest staffing company, announced Monday that it was acquiring Vedior NV, the world's fourth-largest for euro3.51 billion (US$5.14 billion) in cash and stock.

The companies, both based in the Netherlands, would have combined revenue of euro17.3 billion (US$25.32 billion), according to Randstad. The deal is set to close in March or April 2008.

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