Business
Response to Adecco announceme
Response to Adecco announceme.
About this update from Pagegroup Plc
[{"type":"text","content":"\n RNS Number : 5058D Michael Page International PLC 16 September 2008 \n \nFOR IMMEDIATE RELEASE\n16 September 2008\nMichael Page International plc (\"Michael Page\" or the \"Company\")\nResponse to Adecco S.A. (\"Adecco\") announcement\nThe Board of Michael Page notes the announcement by Adecco that it is no longer considering making an offer for Michael Page.\nThe Board of Michael Page and its advisers gave Adecco's proposals due consideration and unanimously concluded that they materially undervalued the Company and its prospects and that the interests of the Company's shareholders and employees would be better served by Michael Page remaining an independent entity.\nThe Board of Michael Page continues to believe that the Company's clear strategy of organically diversifying its activities by geography and discipline and increasing its exposure to growth markets, together with the longer-term structural growth drivers of the specialist recruitment market, mean that the Company has excellent prospects.\nAn update on the Company's trading will be provided in its Q3 trading update on 7 October 2008.\nEnquiries:\nFinancial Dynamics\nRichard Mountain\nTel: +44 (0)207 269 7186\nThis information is provided by RNSThe company news service from the London Stock Exchange END RSPGUUMWBUPRUQQ\n ","length":2120,"tagName":"div"}]