Deals
Monster Worldwide Hires Bankers for Strategic Plan; Shares Jump
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Monster Worldwide Inc., the online recruiting service, hired Stone Key Partners LLC and Bank of America Corp.’s Merrill Lynch to help it review strategic alternatives.
Monster shares jumped 8.4 percent to $8.15 in extended trading following the company’s statement. They had risen 1.6 percent to $7.52 at the close in New York. At a conference on March 1, Chief Executive Officer Salvatore Iannuzzi said he is weighing options to boost investor value.