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Randstad taking settlement to court

October 07 2008

Randstad Holding NV said Monday it and the Dutch Shareholders Association have submitted a petition with a Dutch court for a settlement with former shareholders of Vedior. The euro4.5 million (US$6.15 million) settlement will go to former Vedior shareholders who sold their shares between 9 a.m. and 11:34 a.m. on Nov. 30, 2007. Shares in Vedior surged that day prior to the announcement that Randstad was in talks to buy Vedior, and prompted Dutch authorities to temporarily halt their trading.

Randstad ultimately acquired Vedior in May. Randstad ranked as the third-largest staffing firm in the world prior to the acquisition, Vedior ranked No. 4.

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