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As previously announced on October 20, 2009, MPS Group has entered into a definitive agreement to be acquired by Adecco Group for $13.80 per common share in a cash transaction valued at approximately $1.3 billion. The transaction is expected to close in the first quarter of 2010 and is subject to MPS Group shareholder approval, antitrust clearance, certain other regulatory approvals and other customary closing conditions. Because of this pending transaction, the Company will not be providing fourth quarter earnings or revenue guidance in the press release, nor will it be holding a conference call in conjunction with the release of third quarter results.
About MPS Group
MPS Group is a leading provider of staffing, consulting, and solutions in the disciplines of information technology, finance and accounting, law, engineering, marketing and creative, property and healthcare. MPS Group delivers its services to businesses and government entities in the United States, Europe, Canada, Australia and Asia. A Fortune 1000 company with headquarters in Jacksonville, Florida, MPS Group trades on the New York Stock Exchange. For more information about MPS Group, please visit www.mpsgroup.com.
Additional Information and Where to Find It
In connection with the proposed merger, MPS Group will file a proxy statement with the Securities and Exchange Commission ("SEC"). Investors are urged to read the proxy statement when it becomes available because it will contain important information about the merger as well as other documents filed by MPS Group at the SEC's Internet site, www.sec.gov. These documents can also be obtained for free from MPS Group's Investor Relations web site (www.mpsgroup.com) or by calling 904-360-2500.
MPS Group and its directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from its stockholders in connection with the proposed merger. Information regarding MPS Group's directors and executive officers is available in MPS Group's proxy statement dated April 20, 2009, filed with the SEC. Additional information regarding the interests of participants of MPS Group will be included in the proxy statement to be filed with the SEC in connection with the merger.
SOURCE: MPS Group, Inc.
MPS Group, Inc. Tyra Tutor, 904-360-2500 Vice President, Corporate Development tyra.tutor@mpsgroup.com
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