- American City Business Journals•6 hours ago
In an Aug. 24 letter to stockholders, Monster Worldwide CEO Tim Yates said Denver-based MediaNews Group's opposition to the upcoming $429 million buyout by Dutch human resources services firm Randstad is "reckless" and urged all shareholders to support the deal. The Weston-based jobs website operator announced earlier this month its intentions to be acquired by Randstad, and the deal is expected to close by the end of 2016. MediaNews Group Inc., owner of dozens of newspapers including the Denver Post, is the largest stakeholder in Monster Worldwide with an 11.6 percent ownership stake.
- Zacks•9 hours ago
Monster Worldwide Inc. (MWW) has issued an open letter to shareholders quashing the claims made by its largest shareholder, MediaNews that opposed the company's takeover by Randstad.
- Reuters•23 hours ago
Monster Worldwide Inc said shareholder MediaNews Group Inc had made "flawed and uninformed assumptions" in its letter last week opposing the job sites operator's buyout by Dutch staffing company Randstad. MediaNews' letter "attempts to put Randstad all-cash offer at risk without offering superior proposal," Monster Chief Executive Tim Yates said in an open letter to investors on Wednesday. MediaNews has also urged cuts to capital expenditure, which has already been halved over the past several years, he said.
Monster Worldwide, Inc. (MWW)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||3.69 x 39100|
|Ask||3.70 x 117500|
|Day's Range||3.65 - 3.73|
|52wk Range||2.13 - 7.74|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||-5.91|
|Avg Vol (3m)||2,172,253|
|Dividend & Yield||N/A (N/A)|