Robbins Arroyo LLP: Acquisition of Monster Worldwide, Inc. (MWW) by Randstad Holding NV (RAND) May Not Be in Shareholders' Be...
August 09 2016 - 6:09PM
Business Wire
Shareholder rights attorneys at Robbins Arroyo LLP are
investigating the proposed acquisition of Monster Worldwide, Inc.
(NYSE: MWW) by Randstad Holding NV (EN Amsterdam: RAND). On August
9, 2016, the two companies announced the signing of a definitive
merger agreement pursuant to which Randstad will acquire Monster
Worldwide. Under the terms of the agreement, Monster Worldwide
shareholders will receive $3.40 for each share of Monster Worldwide
common stock.
View this information on the law firm's Shareholder Rights Blog:
www.robbinsarroyo.com/shareholders-rights-blog/monster-worldwide-inc
Is the Proposed Acquisition Best for Monster Worldwide and
Its Shareholders?
Robbins Arroyo LLP's investigation focuses on whether the board
of directors at Monster Worldwide is undertaking a fair process to
obtain maximum value and adequately compensate its
shareholders.
As an initial matter, the $3.40 merger consideration represents
a premium of only 22.70% based on Monster Worldwide's closing price
on August 8, 2016. This premium is significantly below the average
one day premium of nearly 40.63% for comparable transactions within
the past three years. Further, the $3.40 merger consideration is
significantly below the target price of $4.00 set by an analyst at
Evercore ISI on May 9, 2016, the target price of $4.00 set by an
analyst at Piper Jaffray on May 6, 2016, and the target price of
$3.50 set by an analyst at B Riley & Co on February 12, 2016.
In the last three years, Monster Worldwide traded as high as $8.50
on March 7, 2014, and most recently traded above the merger
consideration – at $3.48 – on April 28, 2016.
Monster Worldwide shareholders have the option to file a class
action lawsuit to ensure the board of directors obtains the best
possible price for shareholders and the disclosure of material
information. Monster Worldwide shareholders interested in
information about their rights and potential remedies can contact
attorney Darnell R. Donahue at (800) 350-6003,
ddonahue@robbinsarroyo.com, or via the shareholder information form
on the firm's website.
Robbins Arroyo LLP is a nationally recognized leader in
securities litigation and shareholder rights law. The law firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits, and has helped its
clients realize more than $1 billion of value for themselves and
the companies in which they have invested.
Attorney Advertising. Past results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160809006499/en/
Robbins Arroyo LLPDarnell R. Donahue619-525-3990 or Toll Free
800-350-6003ddonahue@robbinsarroyo.comwww.robbinsarroyo.com
Monster Worldwide, Inc. (NYSE:MWW)
Historical Stock Chart
From Apr 2024 to May 2024
Monster Worldwide, Inc. (NYSE:MWW)
Historical Stock Chart
From May 2023 to May 2024