Deals
Japan's Recruit to Acquire Dutch Employment Firm USG People
- Offer is 31% above USG People's last closing share price
- Recruit to become world's 4th-largest staffing firm after deal
This article is for subscribers only.
Recruit Holdings Co. agreed to buy USG People NV of the Netherlands for 1.42 billion euros ($1.55 billion) as Japan’s biggest provider of temporary staff seeks to boost growth in Europe.
Recruit will pay 17.50 euros in cash for each share in Almere, Netherlands-based USG, the companies said in a statement Tuesday. That’s a 31 percent above Monday’s closing share price. USG shares rose as much as 28.6 percent to 17.23 euros per share in early trading in Amsterdam.