Adcoco initiates voluntary public offer to acquire shares in DIS AG
Adecco Launches Voluntary Public Tender Offer for DIS AG
In a significant move, global HR services leader Adecco has announced a voluntary public tender offer for DIS AG, a German human resources and staffing company. The offer aims to increase Adecco's shareholding and gain full control of DIS AG.
The key terms of the offer include an attractive cash price of EUR 54.50 per DIS AG share, payable in cash upon acceptance. Notably, there is no minimum acceptance threshold for the tender offer.
The tender offer period runs from February 6, 2006, to March 8, 2006, 4pm CET. It's important to note that the offer remains subject to antitrust approval.
Adecco, with its extensive global network of over 6,600 offices in more than 70 countries and territories, is a Fortune Global 500 company. The group connects over 700,000 associates with business clients each day.
For those interested in the offer, detailed information can be found on the Adecco website at www.dis.adecco.com. For press inquiries, contact [email protected] or +41 (0) 44 878 8832. For investor relations inquiries, contact [email protected] or +41 (0) 44 878 8925.
It's important to remember that the offer price represents a premium of 16% and 22% over the volume-weighted average XETRA closing price for DIS shares for the last three and six months before the announcement of the offer, respectively. The offer implies a price-earnings multiple for 2005 (expected) of approximately 31 times.
However, it's crucial to note that the tender offer for DIS AG shares is not a guarantee of future performance. Numerous factors could cause differences between the forward-looking statements and actual results. These factors include global GDP trends, changes in regulation, successful completion of the tender offer, qualified personnel, US state unemployment tax reviews, French anti-trust investigation, US class action litigation, and existing commercial relationships, disputes, or legal proceedings.
Adecco's shares can be traded on the Swiss Stock Exchange, NYSE, Euronext Paris, and virt-x (SWX/VIRT-X:ADEN). For more information about Adecco, visit www.adecco.com.
This news article serves as an overview of the Adecco tender offer for DIS AG in 2006. For a comprehensive understanding of the offer, including its specific terms and conditions, further targeted search or access to financial archives from that period would be necessary.
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