Statement from the board of directors of Jobline International
TMP Worldwide, Inc. (ìTMPî) has announced a public offer (the ìOfferî) to the shareholders of JOBLINE INTERNATIONAL AB (publ) (ìJoblineî). The Board of Directors has assessed the Offer and issues the following statement:
The Board of Directors believes that the combination of Jobline and TMP is strategically sound and economically beneficial to all stakeholders. The new entity will be the worldís largest online recruiter. In the new group, Jobline with its successful business model will have a solid platform for its continued development as a part of Monster.com.
According to Jobline chairman of the board, Johan Brenner ìOver the past four years Jobline has established itself as one of Europeís leading online recruitment companies. TMP Worldwide is a global leader in the same industry through its Monster.com division. Together with Jobline, Monster.com will be by far the leading European player with large synergies and minimal geographical overlaps. We believe this transaction to be in the best interest of our shareholders, employees and customers.î
TMP is offering Jobline shareholders SEK 30.70 cash for each of their shares. The Offer corresponds to approximately SEK1.197m and a premium of approximately 289 percent compared to the average Jobline closing share price during the last thirty trading days prior to the announcement of the Offer.
Against the background of the bid value, the Board of Directors believes that the Offer is attractive to the Jobline shareholders and the Board of Directors recommends the shareholders to accept the Offer.
www.jobline.com
Jobline speaks - 06/2001
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