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Randstad launches offer for Vedior

April 02 2008

Randstad Holding NV today launched its offer for shares of fellow Dutch staffing firm Vedior NV. Randstad first announced plans to acquire Vedior in December, and the combined companies would rank as the second-largest staffing firm in the world.

Randstad will pay euro9.50 plus 0.32759 in its own shares for each Vedior share; the offer values Vedior shares at euro19.22. The offer is contingent on 66.67% of all Vedior shares being committed. The offer is scheduled to end May 9.

A shareholders meeting will be held by Randstad on April 23 to discuss the deal. Vedior shareholders will meet April 25.

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