Adecco SA Begins Trading on New York Stock Exchange.Business Editors CHESEREX, Switzerland--(BUSINESS WIRE)--March 16, 2000 Adecco SA (NYSE NYSE See: New York Stock Exchange Listed-ADO), the world's largest personnel services company, began trading this morning on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . In ceremonies to mark the occasion, Adecco senior managers rang the Opening Bell to officially start the trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. . Adecco SA, whose common shares trade on the Swiss Exchange Swiss Exchange The major securities market of Switzerland. (ADEN 700'939) and the Bourse bourse (b  rs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. de Paris (RM 12819), will trade American
Depositary Shares American Depositary Share (ADS)Foreign stock issued in the US and registered in the ADR system. (ADSs) on the NYSE. Adecco's ADSs were delisted from NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on at the close of business on March 15. The NYSE listing comes a day after the official close of the merger of Adecco with the staffing and information technology services businesses of Olsten Corporation. The merger strengthens Adecco's position as the number one personnel services company not only in the world, but now also in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , which is the world's largest market, and in the global information technology services market. Adecco's Chief Executive Officer John Bowmer commented that "Since Adecco is the world's largest personnel services company, it's only natural to join the other 3,000 market leaders that trade on the world's largest and most respected equities market. We see this new partnership with the NYSE as a powerful combination that will benefit our shareholders, clients, and employees." NYSE Chairman and 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. Richard Grasso welcomed Adecco to the Exchange, saying "We are delighted and honored to have an industry leader such as Adecco join the ranks of NYSE-listed companies. As a global authority in personnel services, Adecco will make an outstanding addition to our roster of world-class companies. We look forward to a long and successful relationship." In another development, Adecco is taking aggressive steps to build brand awareness in key markets. In the US, a new seven-week television and radio advertising campaign debuts this week. In addition, print ads will appear in major business publications. About Adecco Adecco SA is the global leader in personnel services, connecting up to 600,000 associates with business clients each day through its network of over 25,000 employees and almost 5,000 locations in 55 countries around the world. Registered in 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 qualified associates. Adecco provides clients with staffing services and solutions covering all major industries as well as specific professions. The worldwide Adecco network focuses on global industries in transition, including automotive, banking, electronics, logistics, and telecommunications. Adecco is also positioned as a worldwide leader in each of the major professional staffing segments with several world-class business lines: aoc (Accountants on Call) and Jonathan Wren for Finance, Banking and Accounting; Ajilon and Computer People for high-end Information Technology, TAD and Roevin for Engineering and Technical. These Adecco businesses provide their clients with a broad range of staffing solutions, from temporary work to permanent placement, to consulting and managed services. Adecco also offers a range of HR solutions with Econova/Lee Hecht Harrison, offering 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. and career management services. Adecco clients retain this unique range of services through local, national and multinational contracts. Further information can be found at www.adecco.com |
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