Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MPS Group, Inc. > News item |
Adecco clears U.S. antitrust review for $1.3 billion buyout of MPS
By Cristal Cody
Tupelo, Miss., Nov. 17 - The U.S. Federal Trade Commission granted early termination under the antitrust review period for Zurich-based human resources services firm Adecco SA's $1.3 billion takeover of Jacksonville, Fla.-based staffing service MPS Group, Inc., according to a news release on Tuesday.
The transaction also must receive regulatory approval from the European Commission, which some analysts have said could extend the review and delay the deal's closing into March.
The companies expect the acquisition to close in January or February.
MPS shareholders also must approve Adecco's offer of $13.80 a share in cash.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.