Adcertainment Obtains More Than 3/4 of DIS Stake
In a significant move, Adecco, the global leader in HR services, has increased its offer price for all outstanding shares of DIS AG from EUR 54.50 to EUR 58.50 per share in cash. This decision follows an agreement with German Voith AG and Jupiter Asset Management, who have agreed to sell their shares in DIS AG based on the increased offer price. Voith AG holds 3'628'057 shares (29.5%), while Jupiter Asset Management controls at least 900'000 shares (7.3%).
This strategic move is part of Adecco's broader strategy to strengthen its market position or expand into new areas. Acquisitions like these are common in the staffing industry as they help companies to enhance their capabilities, diversify their services, and expand into new markets.
Adecco, known for providing temporary and permanent staffing services, connects over 700,000 associates with business clients each day. As a Fortune Global 500 company, it employs over 33,000 people and operates through over 6,600 offices in over 70 countries and territories.
However, it's important to note that forward-looking statements, such as those mentioned, are subject to risks, uncertainties, and changes in circumstances that could affect the actual results. Factors that could impact Adecco's future performance include global GDP trends, changes in regulation of temporary work, intense competition, changes in the company's ability to attract and retain qualified temporary personnel, resolution of US state unemployment tax reviews, resolution of a French anti-trust investigation, resolution of US class action litigation, and adverse developments in existing commercial relationships, disputes, or legal proceedings.
For a more detailed discussion of the factors and risks associated with Adecco's business, please refer to the company's most recent Annual Report on Form 20-F and other reports filed with the United States Securities and Exchange Commission.
This press release does not constitute an offer to acquire or sell any securities. For further information, please contact Adecco's Corporate Investor Relations and Corporate Press Office. Adecco S.A. is registered in Switzerland with ISIN: CH0012138605 and is listed on the Swiss Stock Exchange, the New York Stock Exchange, and Euronext Paris.
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