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A rumour is circulating that global recruitment giant Adecco (ADEN: VX) is considering the acquisition of rival recruitment firm Hays (HAS: LN), according to Marc Drees of Recruitment Matters, reports flexnieuws.nl.
This is not the first time that rumours have circled regarding a take-over bid for Hays by Adecco. In 2010 is was reported that Adecco was considering an offer of £2.1 billion to acquire the firm.
Adecco, the world’s biggest recruitment firm, had previously attempted a take-over of recruitment firm Michael Page in 2008. However, the company withdrew its offer after two unsuccessful bids.
Despite rumours of a take-over, in trading today, Hays’ share price dropped by -0.8% to £1.31, an increase of +56.2% compared with a year ago. Based on its current share price, the company has a market value of £1.83 billion.