An investigation on behalf of investors of Monster Worldwide, Inc. (NYSE:MWW) in connection with the proposed takeover was announced and NYSE:MWW stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/15/2016 -- An investigation on behalf of investors, who currently hold NYSE:MWW shares, was announced concerning whether the takeover of Monster Worldwide, Inc. by Randstad Holding nv for $3.40 per share is unfair.
Investors who purchased shares of Monster Worldwide, Inc. (NYSE:MWW) and currently hold any of those NYSE:MWW shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm concerns whether certain Monster Worldwide directors breached their fiduciary duties owed to NYSE:MWW investors in connection with the proposed acquisition.
On August 9, 2016, Randstad Holding nv (AMS: RAND) and Monster Worldwide, Inc. (NYSE:MWW) announced the signing of an agreement under which Randstad will acquire Monster. Under the terms of the merger agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429 million (enterprise value).
However, given that at least one analyst has set the high target price for NYSE:MWW shares at $3.50 per share and given that NYSE:MWW shares traded in October 2015 as high as $7.65 per share, the investigation concerns whether the offer is unfair to NYSE:MWW stockholders. More specifically, the investigation concerns whether the Monster Worldwide Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Monster Worldwide, Inc. reported that its annual Total Revenue declined from $725.57 million in 2014 to $666.90 million in 2015, however its Net loss of $289.29 million in 2014 turned into a Net Income of $73.61 million in 2015.
On August 12, 2016, NYSE:MWW shares closed at $3.51 per share.
Those who are current investors in Monster Worldwide, Inc. shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com