Adecco Fulfills All Necessary Conditions for jobpilot Acquisition and Announces Final Offer Deadline.Business Editors CHESEREX, Switzerland & BAD HOMBURG Bad Hom·burg A city of west-central Germany at the foot of the Taunus Mountains near Frankfurt. It is a famous spa and resort. Population: 53,200. , Germany--(BUSINESS WIRE)--April 29, 2002--Adecco SA (Swiss Stock Exchange - ADEN/trading on Virt-x: 1213860), the world's leading provider of personnel services, today announced that all relevant conditions have been met to acquire all of the issued and outstanding share capital of jobpilot AG (Frankfurt Neuer Markt - JOA JOA Joint Operating Agreement JOA Joan of Arc JOA Joint Operations Area JOA Journal of Accountancy (AICPA publication) JOA Joint Operational Area (US DoD) JOA Joint Operating Area ). In excess of the required 75% of jobpilot shareholders - more than 91% - have accepted the offer at the end of the offer period and regulatory authorities in all relevant jurisdictions have given their approval. The offer is therefore now unconditional. Pursuant to German law, all shareholders not having accepted the offer are given an additional period to do so. This period will end at 12 noon, CET CET abbr. Central European Time CET Central European Time CET n abbr (= Central European Time) → hora de Europa central CET abbr , on May 10, 2002. According to Adecco Group CFO See Chief Financial Officer. Felix Weber, "We are delighted that our offer has proved so attractive to jobpilot's shareholders and that regulatory approval for the acquisition has been granted sooner than expected. We strongly believe that jobpilot's entry into the Adecco family will create a leading European online staffing, recruiting and service company by combining jobpilot's internet platform with the branch network of Adecco. We are convinced that this is a great opportunity for the remaining jobpilot shareholders to accept the offer." Dr. Roland Metzger, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and founder of jobpilot, said: "We thank our investors who strongly supported us and accepted this strategic deal. Now the vital process of integrating jobpilot into Adecco will be our focus. The e-Recruiting market will continue to be a growing market and we have all the options to shape and gain an even bigger portion of this market." Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. acted as financial advisor to Adecco. J.P. Morgan acted as financial advisor to jobpilot. About Adecco Adecco SA is a Forbes International 500 company and the global leader in HR Solutions. The Adecco network connects up to 700,000 associates with business clients each day through its network of over 30,000 employees and over 6,000 offices in 59 countries. Registered in Cheserex, Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and people seeking work. Adecco SA comprises four divisions; Adecco Staffing; Ajilon Staffing & Managed Services; Career Services (Lee Hecht Harrison); e-Recruitment & Executive Search (jobpilot and Alexandre TIC); These divisions offer flexible staffing solutions to a wide range of global industries and professions, including IT, engineering, automotive, banking, logistics, telecommunications, finance, accounting, administrative, legal, sales and marketing. Together they provide a wealth of services and expertise in temporary, permanent, professional and managed staffing; career counselling, training, development and outplacement out·place·ment n. The process of facilitating a terminated employee's search for a new job by provision of professional services, such as counseling, paid for by the former employer. ; e-recruitment (exploiting the internet) and executive search. Find out more about Adecco SA at www.adecco.com Adecco SA is registered in Switzerland and is listed on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. (ADEN/trading on Virt-x: 1213860), NYSE NYSE See: New York Stock Exchange (ADO), Euronext Premier Marche (12819). About jobpilot jobpilot AG offers with jobpilot (www.Jobpilot.com) Europe's career market on the Internet. The company launched its innovative career portal in October 1995. Sites are now online in 15 European countries. Regular customers include all 30 companies listed in Germany's DAX share index as well as 21 companies in the EuroSTOXX(sm) 50 share index. jobpilot's range of services includes several innovative products in addition to publishing job vacancies and requests (jobpilot workflow, Direct-Selection, Online-Assessment, etc.). jobpilot's services are free of charge for job seekers. jobpilot is based in Bad Homburg, near Frankfurt, Germany. European subsidiaries are located in Austria, Belgium, the Czech Republic, Denmark, France, Hungary, Italy, the Netherlands, Norway, Poland, Spain, Switzerland and the United Kingdom. jobpilot is registered in Germany and is listed on the Neuer Markt of the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. (Neuer Markt: WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 514170, Symbol: JOA) You can find out more about jobpilot from our website: www.jobpilot.com. |
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