Adecco secures 98.4% of registered share capital of DIS AG
Zurich, Switzerland, 3 September 2007: Adecco, the world leader in
Human Resources (HR) services announced today that the company has
signed an agreement to purchase 15.7% of registered share capital of
DIS AG for a total consideration of EUR 219 million. Adecco now holds
98.4% of registered share capital of DIS AG and intends to initiate a
squeeze-out procedure.
A group of investors agreed to immediately sell their shares in DIS
AG for EUR 113 per share. After the close of the transaction Adecco
holds 98.4% of DIS AG registered share capital. Of the remaining 1.6%
of shares, 1.1% is held by DIS AG as treasury shares, 0.5% is held by
other minority shareholders. Adecco therefore is entitled to squeeze
out DIS AG's remaining shareholders. As a consequence of the intended
squeeze-out procedure, Adecco will no longer support the delisting
procedure and withdraws its cash compensation offer for the
delisting.
While maintaining brand names and a separate distribution network,
DIS AG will be a fully integrated part of Adecco following the
successful squeeze-out of the remaining minority shareholders.
Following the approval of the Tuja acquisition by the EU commission
at the end of July 2007, Adecco now intends to optimize the
operational and legal structure of its German operations.
About Adecco
Adecco Group is the world market leader in Human Resource services
with sales of EUR 20.4 billion in 2006. The Adecco network connects
over 700,000 associates with business clients each day through its
network of 36,000 employees and 7,000 offices in over 60 countries
and territories around the world. Headquartered in Switzerland, and
managed by a multinational team with expertise in markets spanning
the globe, Adecco delivers an unparalleled range of flexible staffing
solutions and career services to clients and associates.
Contacts:
Adecco Corporate Investor Relations
investor.relations@adecco.com; Tel. +41 (0) 44 878 8925
Adecco Corporate Press Office
media.relations@adecco.com; Tel. +41 (0) 44 878 8832
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Adecco SA
Sagereistrasse 10 Glattbrugg Switzerland
WKN: 922031;
ISIN: CH0012138605; Index: SLCI, SMI, SPI, SMIEXP;
Listed: Main Market in SWX Swiss Exchange;