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Randstad N.V. — M&A Activity 2007
Dec 12, 2007
3880_iss_2007-12-12_85c796da-59a5-43a1-8fc7-d2d395f3d1f7.pdf
M&A Activity
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Randstad Holding nv
Diemermere 25, Diemen P.O. Box 12600, NL-1100 AP Amsterdam z.o.
This press release may not be published, distributed, diffused or otherwise sent into the United States of America, Japan, Australia or Canada. This press release does not constitute an extension into the United States of America, Japan, Australia or Canada of the intended offer mentioned in this press release. This press release does not constitute or form part of an offer to sell securities or the solicitation of an offer to buy securities. ·····················································································································································
Press release Randstad increases its stake in Vedior to 15%
Date
December 12, 2007 More information Machteld Merens/ Bart Gianotten Telephone +31 (0)20 569 56 23 Randstad Holding nv ("Randstad") announces it has increased its shareholding in Vedior N.V. ("Vedior") to 15.03% of the issued and outstanding ordinary shares in Vedior ("Vedior shares"). Since December 3, 2007, Randstad has acquired a total of 26,149,000 Vedior shares through open market purchases, which have been financed from available cash and existing credit facilities.
As the intended mixed cash and share offer of € 9.50 cash and 0.32759 Randstad shares per Vedior share is not applicable to the recently acquired Vedior shares, it is now anticipated that, subject to the intended offer being declared unconditional, the total number of new Randstad shares to be issued to Vedior shareholders in connection with the intended acquisition of Vedior will be lower than communicated on December 3, 2007.
Randstad confirms it expects the leverage ratio (Net Debt/EBITDA) of the combined group to be below 2.0, in line with our financing policy, within 12 months after completion of the transaction.
Certain statements in this document concern prognoses about the future financial condition and the results of operations of Randstad Holding as well as certain plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty since they concern future events and depend on circumstances that will apply then. Many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include general economic conditions, a shortage on the job market, changes in the demand for (flexible) personnel, changes in employment legislation, future currency and interest fluctuations, future takeovers, acquisitions and disposals and the rate of technological developments. These prognoses therefore apply only on the date on which the document was compiled.
Randstad Holding nv specializes in solutions in the field of flexible work and human resources services with group companies in Europe, North America and Asia. The Randstad Group is one of the largest temporary employment organizations in the world and market leader in the Netherlands, Belgium, Germany, Poland and the southeastern United States. Randstad is dedicated to matching at the right time, the demand by individuals for challenging and well-paid employment to the demand of organizations for employees of the right caliber and the right qualifications. The Group is active under the brand names Randstad, Yacht, Capac Inhouse Services, Tempo-Team, EmmayHR, Team4U, Talent Shanghai, Martin Ward Anderson and Otter-Westelaken. Randstad Holding nv (Reuters: RAND.AS, Bloomberg: RAND NA) is listed
Date December 12, 2007 Page 2/2
on the Euronext Amsterdam exchange, where options for stocks in Randstad Holding are also traded. For more information about Randstad Holding see http://www.randstad.com
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