Hays Rises as Much as 4.9% on Report of Possible Adecco Bid
Adecco may be lining up a cash bid of 2.2 billion pounds ($3.6 billion), or 160 pence per share, the Daily Mail reported, without saying where it got the information.
Stephan Howeg, a spokesman for Glattbrugg, Switzerland- based Adecco, declined to comment by phone. Chief Executive Officer Patrick de Maeseneire said May 10 that the company had 150 million euros ($217 million) budgeted for acquisitions.
Hays shares were trading at 109.2 pence, up 2.9 percent, at 8:35 a.m. London time.
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