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Adecco bid stance buoys Michael Page

ft.com
18-Aug-2008
        
Story Timeline:  106 days

By Robert Wright and Brooke Masters Shares in Michael Page International rose sharply as Switzerland’s Adecco refused to rule out a hostile bid for the UK-based specialist recruitment agency Adecco, the world’s largest staffing company, said it was clarifying its position at the request of the Takeover Panel following newspaper reports that it was ruling out a hostile bid for Michael Page. While it remained focused on negotiating a recommended offer, it said it was keeping... [read full story]                    

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Latest article on this story:

Michael Page shares rise on possibility of sale

 ibtimes.com 20-Aug-2008
First article on this story:

Staffing firm seeks bid deadline

 bbc.co.uk 18-Aug-2008
Selected publications with coverage of this story:
bbc.co.uk independent.co.uk iht.com nieuwsbank.nl guardian.co.uk ft.com ibtimes.com tiscali.co.uk canadianbusiness.com marketwire.com reuters.co.uk euroinvestor.co.uk
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Michael Page gains after CEO puts price on sale

reuters.co.uk
20-Aug-2008
        

ZURICH (Reuters) - Shares in Michael Page (MPI.L: ) rose 3 percent on Wednesday following comments from the recruitment group's boss that a sale of the company to Adecco (ADEN.VX: ) could be possible at 600 pence per share or...

Report says Michael Page CEO eyeing possible over 600p

tiscali.co.uk
19-Aug-2008
        

ZURICH (Reuters) - Staffing group Michael Page’s CEO Steve Ingham told Finanz und Wirtschaft that he still held the view he gave two years ago that a sale of the company could be envisaged from 600 pence a share. But Ingham...

Page wants Takeover Panel protection

scotsman.com
19-Aug-2008
        

RECRUITMENT firm Michael Page has urged the Takeover Panel to impose a deadline for Swiss suitor Adecco to make a formal bid as it reported an increase in first-half pre-tax profits. The group was responding to a statement from...

Employment agencies: Recruiter stalked by rival seeks 'put up or shut up' deadline

guardian.co.uk
18-Aug-2008
        

The boss of recruitment firm Michael Page yesterday called on the Takeover Panel to impose a "put up or shut up" deadline on the Swiss rival stalking the firm. Last week Steve Ingham ended talks with Adecco after rejecting a...

Michael Page weathers UK slowdown as Adecco keeps bid options open

independent.co.uk
18-Aug-2008
        

Adecco, the Swiss recruitment company, has refused to rule out a hostile bid for Michael Page, despite last week's rejection of a 400p-per-share indicative offer – sending the smaller UK group's stock price up almost 8 per cent...

Rule 2.10 Announcement

euroinvestor.co.uk
18-Aug-2008
        

UK Rule 2.10 Announcement Zurich, Switzerland, August 18, 2008: Adecco announces, in accordance with UK Rule 2.10 of the City Code on Takeovers and Mergers, that Adecco Financial Services (Bermuda) Ltd., a wholly-owned...

UK staffing firm Michael Page posts rise in 1H profit, and remains an Adecco takeover target

canadianbusiness.com
18-Aug-2008
        

LONDON (AP) - British recruitment company Michael Page International PLC said Monday that profits rose 24 percent in the first half of the year compared to the same period last year, thanks to strong international growth. Also...

Staffing firm seeks bid deadline

bbc.co.uk
18-Aug-2008
        

Recruiters are seeing a slowdown in some sectors such as finance Recruitment firm Michael Page has called on the Takeover Panel to impose a "put up or shut up" deadline on Swiss rival Adecco as it reported earnings. Michael...