Japan's Persol makes $600 mln bid for Australian recruiter Programmed Maintenance

Persol Holdings

14/07/2017 01:15

SYDNEY, July 14 (Reuters) - Japanese recruitment company 
Persol Holdings Co Ltd  2181.T   has made a A$778 million ($600 
million) takeover bid for Australian recruiter Programmed 
Maintenance Services Ltd  PRG.AX , the target company said on 
Friday. 
    The Programmed Maintenance board said it unanimously 
recommended the all-cash offer of A$3.02 per share, a 68 percent 
premium to Thursday's closing price of A$1.80.    
 
($1 = 1.2922 Australian dollars) 
 
 (Reporting by Tom Westbrook; Editing by Stephen Coates) 
 ((tom.westbrook@thomsonreuters.com; +61293218233; Reuters 
Messaging: tom.westbrook.thomsonreuters.com@reuters.net; 
twitter.com/tswestbrook)) 
 
Keywords: PROGRAMMED MAIN M&A/PERSOL HOLDINGS