Recruitment company Addeco surpasses 39% ownership in DIS AG, exceeding the 10% threshold for an additional stake in DIS
In a significant move, global HR services leader Adecco S.A. has announced that it has secured more than 39% of DIS AG's share capital. This development comes ahead of a voluntary public takeover offer for DIS AG shares, which was announced on January 9, 2006.
The acquisition of these shares was made in the open market and does not include the agreement with the Paulmann family to acquire all of their shares in DIS AG. This agreement is subject to regulatory approval and is for approximately 29% of DIS AG's share capital, with a price per share of EUR 54.50.
It's important to note that this is not an offer to acquire or sell any securities. The agreement with the Paulmann family is just one part of Adecco's strategy for DIS AG. The company, registered in Switzerland and listed on the Swiss Stock Exchange, the New York Stock Exchange, and Euronext Paris, has over 700,000 associates and over 6,600 offices worldwide.
The forward-looking statements in this release are not guarantees of future performance. Actual results could differ materially from the company's current expectations. Numerous factors could cause or contribute to such differences, including global GDP trends, changes in regulation, competition, the success of the tender offer for DIS AG shares, changes in the ability to attract and retain qualified personnel, US state unemployment tax reviews, a French anti-trust investigation, US class action litigation, and disputes or legal proceedings.
Adecco encourages investors to 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 for a further discussion of the factors and risks associated with the company's business.
For media inquiries, please contact the Corporate Press Office at [email protected] or +41 (0) 44 878 8832. For investor relations inquiries, please contact [email protected] or +41 (0) 44 878 8925.
It's worth mentioning that Adecco is a Fortune Global 500 company, underscoring its position as the global leader in HR services. However, the company's forward-looking statements are subject to risks and uncertainties, as stated earlier. The provided search results do not contain information about which company acquired more than 39% of DIS AG shares in January 2006 before the public takeover offer in February. The agreement with the Paulmann family to acquire all of their shares in DIS AG is subject to regulatory approval. The company's success in acquiring more than 39% of DIS AG's share capital does not guarantee the success of the public takeover offer.
In conclusion, Adecco's acquisition of more than 39% of DIS AG's share capital marks a significant step in the company's strategic plan for DIS AG. However, the success of the public takeover offer and the company's future performance are subject to various risks and uncertainties.
