Deals
Monster Seen Luring LBO as Job Slump Depresses Value: Real M&A
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Monster Worldwide Inc., the subject of at least 20 takeover rumors in the past five years, may finally be cheap enough to lure a private equity buyer.
The world’s largest online-recruiting company has plunged 66 percent this year, the most in the Standard & Poor’s 500 Index, as American businesses remained reluctant to hire. New York-based Monster is now trading at a 7 percent discount to sales, cheaper than 90 percent of U.S. Internet software and services companies, according to data compiled by Bloomberg. It’s also generating twice as much cash relative to its share price as the industry median, the data show.