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Vedior reaches shareholder settlement

February 01 2008

Vedior NV said it reached an agreement with the Dutch Shareholders Association, the VEB, to pay euro4.25 million (US$6.3 million) to shareholders who sold shares on the morning of Nov. 30 prior to the formal announcement that Randstad Holding NV was in talks to buy Vedior. Shares in Vedior surged that day prior to the announcement and prompted Dutch authorities to temporarily halt their trading.

"We are unhappy about the turn of events on that Friday, whatever may have caused these events," said Vedior CEO Tex Gunning. "Although we firmly believe that we acted properly, we consider this settlement to be in the best interest of all our stakeholders."

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