Randstad Holding has announced an agreement to acquire all outstanding shares of Monster at $3.40/share in cash. Based on the purchase price, the enterprise value of Monster is approximately $429m and the EV/LTM adjusted EBITDA multiple is relatively high at 10.3x (8.9x excluding the stock-based compensation). The price paid includes a premium of 22.7% to the closing share price on 8 August 2016 and 30.1% to the 90-day volume weighted average stock price. The board of directors of Monster rec
10 Aug 2016
Agreement to "swallow" Monster
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Agreement to "swallow" Monster
Randstad NV (RAND:WBO) | 0 0 (-0.8%) | Mkt Cap: 10,747m
- Published:
10 Aug 2016 -
Author:
Hélène Coumes -
Pages:
3
Randstad Holding has announced an agreement to acquire all outstanding shares of Monster at $3.40/share in cash. Based on the purchase price, the enterprise value of Monster is approximately $429m and the EV/LTM adjusted EBITDA multiple is relatively high at 10.3x (8.9x excluding the stock-based compensation). The price paid includes a premium of 22.7% to the closing share price on 8 August 2016 and 30.1% to the 90-day volume weighted average stock price. The board of directors of Monster rec