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Monster Worldwide’s Largest Holder Opposes Sale to Randstad

  • MediaNews Group calls the deal ‘selling at the bottom’
  • MNG sees Monster stock rising to $8 if measures implemented

The largest shareholder in Monster Worldwide Inc. said it opposes the sale of the jobs site to Randstad Holding NV because the $429 million price undervalue’s Monster’s potential value.

“As Monster’s largest shareholder based on publicly available information, MNG believes the $3.40 per share deal would represent the textbook definition of ‘selling at the bottom,’ according to a letter MediaNews Group Inc. wrote to Monster’s board.