MPS Group shareholders agree to $1.17B takeover by Adecco

By AP
Friday, January 15, 2010

MPS Group holders approve Adecco takeover

JACKSONVILLE, Fla. — The staffing firm MPS Group Inc. says its shareholders have agreed to a $1.17 billion takeover by Switzerland’s human resources company Adecco SA.

Under the deal, MPS shareholders would get $13.80 per share in cash for each MPS share they own.

Shares of MPS, based in Jacksonville, Fla., rose a penny to $13.79 in midday trading Friday.

The deal, announced in October, is expected to close Tuesday.

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