Adecco To Acquire MPS Group For $1.3B

Law360, New York (October 20, 2009, 2:45 PM EDT) -- Swiss human resources solutions company Adecco Group has agreed to acquire staffing agency MPS Group for approximately $1.3 billion, the companies announced Tuesday.

Adecco offered $13.80 per share to MPS Group's shareholders, the companies said. The deal is subject to customary closing requirements, including review under the Hart-Scott Rodino Antitrust Improvements Act and approval by the European Union.

"We are delighted to have MPS Group become part of the Adecco Group, in a move that will see Adecco taking the worldwide lead in professional staffing,” Adecco...
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