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Stifel Financial Corp. 5.375% Senior Notes Due December 2022

Stifel Financial Corp. 5.375% Senior Notes Due December 2022 (SFN)

25.06
0.00
( 0.00% )
Updated: 20:00:00

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25.06
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0.00 52 Week Range 0.00
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25.06
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SFN Latest News

Six Randstad executives named to the 2019 Staffing 100 and Hall of Fame lists

Six Randstad executives named to the 2019 Staffing 100 and Hall of Fame lists Annual list compiles the top 100 staffing professionals driving change in the industry PR Newswire ATLANTA, Feb. 19...

Randstad US hiring for more than 25,000 jobs ahead of the holiday season

Randstad US hiring for more than 25,000 jobs ahead of the holiday season Staffing firm reveals 2018's hottest seasonal hiring markets and jobs PR Newswire ATLANTA, Sept. 13, 2018 ATLANTA, Sept...

Randstad identifies six trends that will impact employers in 2018

Randstad identifies six trends that will impact employers in 2018 Wages, flexible work and agile work arrangements will rise as talent shortage persists PR Newswire ATLANTA, Dec. 5, 2017 ATLANTA...

What do American employees really want for the holidays? Hint: Not a cookie swap

What do American employees really want for the holidays? Hint: Not a cookie swap Randstad US survey finds 90 percent of workers would rather get a bonus or extra vacation days than attend a...

Randstad US to bring comprehensive workforce solutions to Staffing World 2017

Randstad US to bring comprehensive workforce solutions to Staffing World 2017 PR Newswire CHICAGO, Oct. 19, 2017 CHICAGO, Oct. 19, 2017 /PRNewswire/ -- Randstad US will participate at ASA's...

The Global Good Fund Announces Three New Board Members

The Global Good Fund Announces Three New Board Members Michael Sneed, Loretta Penn, and Marc Andersen join The Global Good Fund board PR Newswire WASHINGTON, May 18, 2016 WASHINGTON, May 18, 2016...

BNY Mellon Takes $350 Million Charge, Mostly to Settle Suit

By Liz Moyer Bank of New York Mellon Corp. (BK) said Friday it will take a $350 million pretax charge in the second quarter, mostly to settle a lawsuit by investors who accused it of putting them...

SourceRight Solutions Names Kelly Cartwright as Vice President, Corporate Development

SourceRight Solutions Names Kelly Cartwright as Vice President, Corporate Development -Industry Expert Joins Top Provider of RPO and MSP Solutions- PR Newswire FORT LAUDERDALE, Fla., Sept. 1...

Standard & Poor's Announces Changes to U.S. Index

Standard & Poor's Announces Changes to U.S. Index PR Newswire NEW YORK, Aug. 22, 2011 NEW YORK, Aug. 22, 2011 /PRNewswire/ -- S&P will make the following changes to the S&P SmallCap 600 index:...

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SFN Discussion

View Posts
mlkrborn mlkrborn 13 years ago
SFN to be acquired @$14 a share!
More Reuters Results for:


By A. Ananthalakshmi

BANGALORE, July 21 | Thu Jul 21, 2011 11:46am EDT

BANGALORE, July 21 (Reuters) - Shares of U.S. staffing companies rose on Thursday, boosted by Randstad's $710 million offer to buy SFN Group Inc and strong earnings from top recruitment firms.

On Wednesday, Netherlands-based Randstad offered to buy SFN Group Inc amid a weak U.S. job market for $14 a share -- a 52 percent premium.

The acquisition will make Randstad the third biggest human resource services provider in North America behind Switzerland's Adecco SA and Manpower .

SFN's shares jumped 50 percent on the New York Stock Exchange and were trading just below the offer price. Randstad shares rose 5 percent on the Amsterdam exchange.

Other staffing companies Kelly Services Inc , TrueBlue , Kenexa , KForce and Hudson Highland Group were all trading up on Thursday.

Manpower, the world's No. 3 temporary staffing company, reported much higher-than-expected quarterly earnings, helped by the weak U.S. dollar and strong demand in emerging markets, France and Italy. It's shares rose 5 percent.

Robert Half International Inc rose 15 percent after strong earnings.

Staffing shares have fallen sharply in the last three months hit by a soft job market.

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year. The unemployment rate climbed to a six-month high of 9.2 percent.

YEARS OF COURTSHIP

The SFN acquisition was prompted by a Randstad's strong performance in North America and a solid balance sheet, the company said.

"We have been courting SFN for quite a while -- goes back many, many years... but there was always something in between -- we finally intend to get married now," said an executive.

Randstad, the second largest HR services provider in the world, will double its presence in the United States after the deal. In North America, the combined company will have revenue of $4.6 billion.

"Randstad and SFN have a similar service offering in North America and a complementary geographic coverage, which creates a unique strategic fit," KBC Securities analyst Margo Joris said.

Fort Lauderdale, Florida-based SFN traces its roots to Chicago in 1946 when it helped firms find staff to load and unload freight shipments. It now operates under several brands such as Spherion, Technisource, Tatum, Mergis and SourceRight Solutions. (Reporting by A. Ananthalakshmi in Bangalore; Editing by Saumyadeb Chakrabarty) (ananthalakshmi.as@thomsonreuters.com; within US +1 646 223 8780; outside U.S +91 80 4135 5800; Reuters Messaging: ananthalakshmi.as.reuters.com@reuters.net)
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ExPatriate57 ExPatriate57 14 years ago
News on the NYC online timesheet scandal :

http://www.nytimes.com/2010/12/17/nyregion/17citytime.html

http://www.cityhallnews.com/newyork/article-1712-millions-in-school-contracts-also-with-company-at-center-of-citytime-scandal.html

I have to disclose, I bought SFN at $6 and again at $6.60, but I sold it all today at $10.15.

I like the company, but this scandal shows that they still have a ways to go with respect to management oversight.
👍️0
ExPatriate57 ExPatriate57 14 years ago
This board has been created to discuss SFN (Spherion) and Temp and professional services staffing issues in general.

The charter for this board welcomes all constructive conversation for SFN and Professional/Temporary Services Staffing in general.

👍️0

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